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Document and Entity Information (USD $)
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12 Months Ended | ||
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Dec. 30, 2011
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Jan. 27, 2012
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Jun. 17, 2011
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| Document Information [Line Items] | |||
| Document Type | 10-K | ||
| Amendment Flag | false | ||
| Document Period End Date | Dec. 30, 2011 | ||
| Document Fiscal Year Focus | 2011 | ||
| Document Fiscal Period Focus | FY | ||
| Trading Symbol | MAR | ||
| Entity Registrant Name | MARRIOTT INTERNATIONAL INC /MD/ | ||
| Entity Central Index Key | 0001048286 | ||
| Current Fiscal Year End Date | --12-30 | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Current Reporting Status | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Entity Public Float | $ 9,196,335,195 | ||
| Entity Common Stock, Shares Outstanding | 333,866,753 |
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- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Details
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other. No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition
Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition
Amount recognized as an operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
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- Definition
Amount recognized as a non-operating expense during the period to reduce the carrying amount of a Timeshare project as part of the evaluation of the entire Timeshare portfolio due to a change in business strategy. The non-operating impairment charge includes joint venture and loan impairments, as well as a funding liability related to this Timeshare project. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost associated with reimbursable income. This occurs when a services entity incurs expenses on behalf of the client and passes through the cost of reimbursable expenses to a client. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The aggregate direct costs incurred in operating leased, owned and other hotels. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Revenue earned during the period from consideration (often a percentage of the franchisee's sales) received for the right to operate a business using the entity's name, merchandise, services, methodologies, promotional support, marketing, and supplies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Base revenue, as contractually stipulated, for operating and managing another entity's business during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue for operating and managing another entity's business during the reporting period which is based on meeting certain operating or revenue metrics (for example: occupancy or vacancy rates, profitability or expense targets), or otherwise meant to incentivize the operator other than by guaranteed or minimum compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Repayment received or receivable for expenses incurred on behalf of a client or customer, other than those reimbursements received by landlords from tenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue generated from managing and operating hotels. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The costs associated with a property whose ownership is held by a number of people, each with a right of possession for a specified time interval. Time-Sharing is most commonly applied to resort and vacation properties; also known as Vacation Interest. The costs include the costs to build or acquire a vacation project, the estimated cost needed to complete a project under construction, the total revenues expected to be earned on a project, and the projected revenues relating to the recovered purchase on future cancelled sales. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue associated with the selling of time shares, a form of property ownership under which a property is held by a number of people, each with a right of possession for a specified time interval. Time sharing is most commonly applied to resort and vacation properties; also known as vacation interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) (USD $)
In Millions, unless otherwise specified |
12 Months Ended |
|---|---|
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Jan. 01, 2010
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| Net note securitization gains | $ 37 |
| Gain on debt extinguishment | $ 21 |
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- Definition
A gain (loss) realized on a transfer, accounted for as a sale, of all or a portion of financial assets in which the transferor surrenders control and receives consideration other than a beneficial interest in the assets transferred. Reflects the amount of sales proceeds in excess of, or deficient from, the sum of the carrying amounts of transferred financial assets plus transaction costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
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Dec. 31, 2010
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|---|---|---|---|---|---|---|
| Current assets | ||||||
| Cash and equivalents | $ 102 | $ 505 | ||||
| Accounts and notes receivable (including from VIEs of $0 and $125 respectively) | 875 | [1] | 938 | [1] | ||
| Inventory | 11 | 1,489 | ||||
| Current deferred taxes, net | 282 | 246 | ||||
| Prepaid expenses | 54 | 81 | ||||
| Other (including from VIEs of $0 and $31 respectively) | 0 | 123 | ||||
| Assets, Current, Total | 1,324 | 3,382 | ||||
| Property and equipment | 1,168 | 1,307 | ||||
| Intangible assets | ||||||
| Goodwill | 875 | 875 | ||||
| Contract acquisition costs and other | 846 | [1] | 768 | [1] | ||
| Goodwill And Intangible Assets, Net, Total | 1,721 | 1,643 | ||||
| Equity and cost method investments | 265 | [1] | 250 | [1] | ||
| Notes receivable (including from VIEs of $0 and $910, respectively) | 298 | [1] | 1,264 | [1] | ||
| Deferred taxes, net | 873 | [1] | 932 | [1] | ||
| Other (including from VIEs of $0 and $14, respectively) | 261 | [1] | 205 | [1] | ||
| Total Assets | 5,910 | 8,983 | ||||
| Current liabilities | ||||||
| Current portion of long-term debt (including from VIEs of $0 and $126, respectively) | 355 | 138 | ||||
| Accounts payable | 548 | [1] | 634 | [1] | ||
| Accrued payroll and benefits | 650 | 692 | ||||
| Liability for guest loyalty program | 514 | 486 | ||||
| Other (including from VIEs of $0 and $3, respectively) | 491 | [1] | 551 | [1] | ||
| Liabilities, Current, Total | 2,558 | 2,501 | ||||
| Long-term debt (including from VIEs of $0 and $890, respectively) | 1,816 | 2,691 | ||||
| Liability for guest loyalty program | 1,434 | 1,313 | ||||
| Other long-term liabilities | 883 | [1] | 893 | [1] | ||
| Marriott shareholders' equity | ||||||
| Class A Common Stock | 5 | 5 | ||||
| Additional paid-in-capital | 2,513 | 3,644 | ||||
| Retained earnings | 3,212 | 3,286 | ||||
| Treasury stock, at cost | (6,463) | (5,348) | ||||
| Accumulated other comprehensive loss | (48) | (2) | ||||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total | (781) | 1,585 | ||||
| Liabilities and Equity, Total | $ 5,910 | $ 8,983 | ||||
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- Definition
Sum of the carrying amounts of all goodwill and intangible assets of the balance sheet date, net of accumulated amortization and impairment charges. No definition available.
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- Definition
The current portion of the company's future redemption obligation for its frequent guest loyalty program. No definition available.
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- Definition
The long-term portion of the company's future redemption obligation for its frequent guest loyalty program. No definition available.
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- Definition
The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Accounts and notes receivable | $ 875 | [1] | $ 938 | [1] | ||
| Other current assets | 0 | 123 | ||||
| Notes receivable | 298 | [1] | 1,264 | [1] | ||
| Other noncurrent assets | 261 | [1] | 205 | [1] | ||
| Current portion of long-term debt | 355 | 138 | ||||
| Other current liabilities | 491 | [1] | 551 | [1] | ||
| Long-term debt | 1,816 | 2,691 | ||||
|
Variable Interest Entity, Primary Beneficiary
|
||||||
| Accounts and notes receivable | 0 | 125 | ||||
| Other current assets | 0 | 31 | ||||
| Notes receivable | 0 | 910 | ||||
| Other noncurrent assets | 0 | 14 | ||||
| Current portion of long-term debt | 0 | 126 | ||||
| Other current liabilities | 0 | 3 | ||||
| Long-term debt | $ 0 | $ 890 | ||||
|
||||||
| X | ||||||||||
|
- Definition
The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| OPERATING ACTIVITIES | |||
| Net income (loss) | $ 198 | $ 458 | $ (353) |
| Adjustments to reconcile to cash provided by operating activities: | |||
| Depreciation and amortization | 168 | 178 | 185 |
| Income taxes | 113 | (27) | (167) |
| Timeshare activity, net | 175 | 216 | 146 |
| Timeshare strategy-impairment charges | 324 | 0 | 752 |
| Liability for guest loyalty program | 78 | 86 | 103 |
| Restructuring costs, net | (5) | (11) | 16 |
| Asset impairments and write-offs | 47 | 131 | 80 |
| Working capital changes and other | (9) | 120 | 106 |
| Net cash provided by operating activities | 1,089 | 1,151 | 868 |
| INVESTING ACTIVITIES | |||
| Capital expenditures | (183) | (307) | (147) |
| Dispositions | 20 | 114 | 2 |
| Loan advances | (26) | (24) | (65) |
| Loan collections and sales | 110 | 18 | 20 |
| Equity and cost method investments | (83) | (29) | (28) |
| Contract acquisition costs | (74) | (56) | (39) |
| Sale of available-for-sale securities | 0 | 0 | 16 |
| Partial surrender of life insurance policy cash value | 0 | 0 | 97 |
| Other | (11) | 20 | 75 |
| Net cash used in investing activities | (247) | (264) | (69) |
| FINANCING ACTIVITIES | |||
| Commercial paper/credit facility, net | 325 | (425) | (544) |
| Issuance of long-term debt | 118 | 215 | 0 |
| Repayment of long-term debt | (264) | (385) | (238) |
| Issuance of Class A Common Stock | 124 | 198 | 27 |
| Dividends paid | (134) | (43) | (63) |
| Purchase of treasury stock | (1,425) | (57) | 0 |
| Other | 11 | 0 | 0 |
| Net cash used in financing activities | (1,245) | (497) | (818) |
| (DECREASE) INCREASE IN CASH AND EQUIVALENTS | (403) | 390 | (19) |
| CASH AND EQUIVALENTS, beginning of period | 505 | 115 | 134 |
| CASH AND EQUIVALENTS, end of period | $ 102 | $ 505 | $ 115 |
| X | ||||||||||
|
- Definition
The net cash flow change in the company's future redemption obligation for its frequent guest loyalty program. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow from advancing money to others in the form of loans. No definition available.
|
| X | ||||||||||
|
- Definition
The non-cash component of income tax expense, less the tax benefit from exercise of stock options. No definition available.
|
| X | ||||||||||
|
- Definition
The net cash inflow (outflow) from issuing (borrowing) and repaying commercial paper or line of credit having initial term of repayment greater than one year or the normal operating cycle, if longer. No definition available.
|
| X | ||||||||||
|
- Definition
All Timeshare transactions netted that result in no operating cash inflows or outflows in the period in which they occur, but affect net income and thus are removed when calculating net cash flow from operating activities, as well as Timeshare transactions netted that result in operating cash inflows or outflows in the period in which they occur, but do not affect net income and thus are added back when calculating net cash flow from operating activities using the indirect method. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized as an operating and non-operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow from the distribution of an entity's earnings in the form of dividends to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow for proceeds from life insurance policies for which the entity is the beneficiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the proceeds from sale of notes receivable, as well as principal collections from a borrowing supported by a written promise to pay an obligation (note receivable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Adjustment to remove noncash portion of restructuring costs and include cash payments when calculating cash flows from operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Net income (loss) | $ 198 | $ 458 | $ (353) |
| Other comprehensive income (loss), net of tax: | |||
| Currency translation adjustments | (31) | (17) | 24 |
| Other derivative instrument adjustments | (20) | 0 | (6) |
| Unrealized gains (losses) on available-for-sale securities | (3) | 0 | 6 |
| Reclassification of losses | 8 | 2 | 4 |
| Total other comprehensive (loss) income, net of tax | (46) | (15) | 28 |
| Comprehensive income (loss) | 152 | 443 | (325) |
|
Parent
|
|||
| Net income (loss) | 198 | 458 | (346) |
| Other comprehensive income (loss), net of tax: | |||
| Currency translation adjustments | (31) | (17) | 24 |
| Other derivative instrument adjustments | (20) | 0 | (6) |
| Unrealized gains (losses) on available-for-sale securities | (3) | 0 | 6 |
| Reclassification of losses | 8 | 2 | 4 |
| Total other comprehensive (loss) income, net of tax | (46) | (15) | 28 |
| Comprehensive income (loss) | 152 | 443 | (318) |
|
Equity Attributable to Noncontrolling Interests
|
|||
| Net income (loss) | 0 | 0 | (7) |
| Other comprehensive income (loss), net of tax: | |||
| Currency translation adjustments | 0 | 0 | 0 |
| Other derivative instrument adjustments | 0 | 0 | 0 |
| Unrealized gains (losses) on available-for-sale securities | 0 | 0 | 0 |
| Reclassification of losses | 0 | 0 | 0 |
| Total other comprehensive (loss) income, net of tax | 0 | 0 | 0 |
| Comprehensive income (loss) | $ 0 | $ 0 | $ (7) |
| X | ||||||||||
|
- Definition
Reclassification adjustments No definition available.
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges after taxes. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Appreciation or loss in value (before reclassification adjustment) of the total of unsold securities during the period being reported on, net of tax. Reclassification adjustments include: (1) the unrealized holding gain (loss), net of tax, at the date of the transfer for a debt security from the held-to-maturity category transferred into the available-for-sale category. Also includes the unrealized gain (loss) at the date of transfer for a debt security from the available-for-sale category transferred into the held-to-maturity category; (2) the unrealized gains (losses) realized upon the sale of securities, after tax; and (3) the unrealized gains (losses) realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)
In Millions |
Total
|
Class A Common Stock
|
Additional Paid-in-Capital
|
Retained Earnings
|
Treasury Stock, at Cost
|
Accumulated Other Comprehensive Income (Loss)
|
Equity Attributable to Noncontrolling Interests
|
||
|---|---|---|---|---|---|---|---|---|---|
| Beginning Balance at Jan. 02, 2009 | $ 1,391 | $ 5 | $ 3,590 | $ 3,565 | $ (5,765) | $ (15) | $ 11 | ||
| Beginning Balance (in shares) at Jan. 02, 2009 | 353.4 | ||||||||
| Employee stock plan issuance [in shares] | 4.8 | ||||||||
| Net income (loss) | (353) | 0 | 0 | (346) | 0 | 0 | (7) | ||
| Other comprehensive (loss) income | 28 | 0 | 0 | 0 | 0 | 28 | 0 | ||
| Dividends | (33) | 0 | 0 | (125) | 92 | 0 | 0 | ||
| Employee stock plan issuance | 113 | 0 | (5) | 9 | 109 | 0 | 0 | ||
| Other | (4) | 0 | 0 | 0 | 0 | 0 | (4) | ||
| Purchase of treasury stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Ending Balance at Jan. 01, 2010 | 1,142 | 5 | 3,585 | 3,103 | (5,564) | 13 | 0 | ||
| Opening balance, as adjusted for accounting changes | 358.2 | ||||||||
| Impact of adoption of ASU 2009-16 and ASU 2009-17 | [1] | (146) | 0 | 0 | (146) | 0 | 0 | 0 | |
| Opening balance, as adjusted for accounting changes | 996 | 5 | 3,585 | 2,957 | (5,564) | 13 | 0 | ||
| Ending Balance at Jan. 03, 2010 | |||||||||
| Beginning Balance at Jan. 01, 2010 | 1,142 | 5 | 3,585 | 3,103 | (5,564) | 13 | 0 | ||
| Employee stock plan issuance [in shares] | 10.2 | ||||||||
| Purchase of treasury stock [in shares] | (1.5) | ||||||||
| Net income (loss) | 458 | 0 | 0 | 458 | 0 | 0 | 0 | ||
| Other comprehensive (loss) income | (15) | 0 | 0 | 0 | 0 | (15) | 0 | ||
| Dividends | (76) | 0 | 0 | (76) | 0 | 0 | 0 | ||
| Employee stock plan issuance | 279 | 0 | 59 | (53) | 273 | 0 | 0 | ||
| Purchase of treasury stock | (57) | 0 | 0 | 0 | (57) | 0 | 0 | ||
| Ending Balance at Dec. 31, 2010 | 1,585 | 5 | 3,644 | 3,286 | (5,348) | (2) | 0 | ||
| Ending Balance (in shares) at Dec. 31, 2010 | 366.9 | ||||||||
| Employee stock plan issuance [in shares] | 9.5 | ||||||||
| Purchase of treasury stock [in shares] | (43.4) | ||||||||
| Net income (loss) | 198 | 0 | 0 | 198 | 0 | 0 | 0 | ||
| Other comprehensive income (loss) before effects of spin-off, net of tax | (24) | 0 | 0 | 0 | 0 | (24) | 0 | ||
| Other comprehensive (loss) income | (46) | 0 | |||||||
| Dividends | (135) | 0 | 0 | (135) | 0 | 0 | 0 | ||
| Employee stock plan issuance | 182 | 0 | 9 | (137) | 310 | 0 | 0 | ||
| Purchase of treasury stock | (1,425) | 0 | 0 | 0 | (1,425) | 0 | 0 | ||
| Spin-off of Marriott Vacations Worldwide Corporation | (1,162) | 0 | (1,140) | 0 | 0 | (22) | 0 | ||
| Ending Balance at Dec. 30, 2011 | $ (781) | $ 5 | $ 2,513 | $ 3,212 | $ (6,463) | $ (48) | $ 0 | ||
| Ending Balance (in shares) at Dec. 30, 2011 | 333.0 | ||||||||
|
|||||||||
| X | ||||||||||
|
- Definition
Other Comprehensive Income (Loss) Before Effects of Spin-off, Net of Tax No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate stock beginning balance as restated. No definition available.
|
| X | ||||||||||
|
- Definition
Total of Stockholders' Equity (deficit) items, as restated, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares issued during the period as a result employee stock and cash incentive plans. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate value of stock issued during the period as a result of employee stock and cash incentive plan. No definition available.
|
| X | ||||||||||
|
- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Equity impact of cash dividends declared by an entity during the period for all classes of stock (common, preferred, etc.). This element includes paid and unpaid dividends declared during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
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- Definition
Amount of the cumulative effect of the change in accounting principle or new accounting pronouncement on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity as a result of a spin-off transaction (a regular or reverse spin-off) which is based on the recorded amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy. No definition available.
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- Definition
Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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Dec. 30, 2011
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| Summary of Significant Accounting Policies | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements present the results of operations, financial position, and cash flows of Marriott International, Inc. (“Marriott,” and together with its subsidiaries “we,” “us,” or the “Company”). In order to make this report easier to read, we refer throughout to (i) our Consolidated Financial Statements as our “Financial Statements,” (ii) our Consolidated Statements of Income as our “Income Statements,” (iii) our Consolidated Balance Sheets as our “Balance Sheets,” (iv) our properties, brands, or markets in the United States and Canada as “North America” or “North American,” (v) our properties, brands, or markets outside of the United States and Canada as “international,” and (vi) Accounting Standards Update No. 2009-16, “Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets” (“ASU No. 2009-16”) and Accounting Standards Update No. 2009-17, “Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities” (“ASU No. 2009-17”) both of which we adopted on the first day of 2010 as the “new Transfers of Financial Assets and Consolidation standards.” On November 21, 2011 ("the spin-off date"), the Company completed a spin-off of its timeshare operations and timeshare development business through a special tax-free dividend to our shareholders of all of the issued and outstanding common stock of our wholly owned subsidiary Marriott Vacations Worldwide Corporation ("MVW"). On the spin-off date, Marriott shareholders of record as of the close of business on November 10, 2011 received one share of MVW common stock for every ten shares of Marriott common stock. As of the spin-off date, Marriott does not beneficially own any shares of MVW common stock and does not consolidate MVW's financial results for periods after the spin-off date as part of its financial reporting. However, because of Marriott's significant continuing involvement in MVW future operations (by virtue of license and other agreements between Marriott and MVW), our former Timeshare segment's historical financial results prior to the spin-off date will continue to be included in Marriott's historical financial results as a component of continuing operations. See Footnote No. 17, "Spin-off," for additional information on the spin-off. In accordance with the guidance for noncontrolling interests in consolidated financial statements, references in this report to our earnings per share, net income, and shareholders’ equity attributable to Marriott do not include noncontrolling interests (previously known as minority interests), which we report separately. Preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods, and the disclosures of contingent liabilities. Accordingly, ultimate results could differ from those estimates. In our opinion, the accompanying consolidated financial statements reflect all normal and recurring adjustments necessary to present fairly our financial position at fiscal year-end 2011 and fiscal year-end 2010 and the results of our operations and cash flows for fiscal years 2011, 2010, and 2009. We have eliminated all material intercompany transactions and balances between entities consolidated in these financial statements. We have also reclassified certain prior year amounts to conform to our 2011 presentation. See Footnote No. 16, “Business Segments,” for additional information on the reclassification of segment revenues, segment financial results, and segment assets to reflect movement of data associated with properties in Hawaii to our North American segments from our International segment. Adoption of New Accounting Standards Resulting in Consolidation of Special Purpose Entities On January 2, 2010, the first day of the 2010 fiscal year, we adopted the new Transfers of Financial Assets and Consolidation standards (which were originally known as Financial Accounting Standards Nos. 166 and 167). Prior to the spin-off date, our former Timeshare segment used certain special purpose entities to securitize Timeshare segment notes receivables, which prior to our adoption of these new standards we treated as off-balance sheet entities. Our former Timeshare segment retained the servicing rights and varying subordinated interests in the securitized notes. Pursuant to GAAP in effect prior to the 2010 fiscal year, we did not consolidate these special purpose entities in our financial statements because the securitization transactions qualified as sales of financial assets. As a result of adopting the new Transfers of Financial Assets and Consolidation standards on the first day of 2010, we consolidated 13 existing qualifying special purpose entities associated with past securitization transactions. We recorded a one-time non-cash pretax reduction to shareholders’ equity of $238 million in 2010, representing the cumulative effect of a change in accounting principle. Including the related $92 million decrease in deferred tax liabilities, the after-tax reduction to shareholders’ equity totaled $146 million. We recorded the cumulative effect of the adoption of these standards to our financial statements in 2010. This consisted primarily of reestablishing the notes receivable (net of reserves) that we had transferred to special purpose entities as a result of the securitization transactions, eliminating residual interests that we initially recorded in connection with those transactions (and subsequently revalued on a periodic basis), the impact of recording debt obligations associated with third-party interests held in the special purpose entities, and related adjustments to inventory balances accounted for using the relative sales value method. We adjusted the inventory balance to include anticipated future revenue from the resale of inventory that we expected to acquire when we foreclosed on defaulted notes. Adopting these topics had the following impacts on our Balance Sheet at January 2, 2010: (1) assets increased by $970 million, primarily representing the consolidation of notes receivable (and corresponding reserves) partially offset by the elimination of our retained interests; (2) liabilities increased by $1,116 million, primarily representing the consolidation of debt obligations associated with third party interests; and (3) shareholders’ equity decreased by approximately $146 million. Adopting these topics also impacted our 2010 Income Statement by increasing interest income (reflected in Timeshare sales and services revenue) from securitized notes and increasing interest expense from consolidation of debt obligations, partially offset by the absence of accretion income on residual interests that were eliminated. Our adoption of these topics on January 2, 2010 did not have a significant impact on our Consolidated Statement of Cash Flow because the resulting increase in assets and liabilities was primarily non-cash. Please also see the 2010 parenthetical disclosures on our Balance Sheet that show the amounts of consolidated assets and liabilities associated with variable interest entities (including those associated with our former Timeshare segment securitizations) that we consolidated. Fiscal Year Our fiscal year ends on the Friday nearest to December 31. The fiscal years in the following table encompass a 52-week period, except for 2002 and 2008, which both encompass a 53-week period. Unless otherwise specified, each reference to a particular year in this Form 10-K means the fiscal year ended on the date shown in the following table, rather than the corresponding calendar year:
Revenue Recognition Our revenues include: (1) base management and incentive management fees; (2) franchise fees (including licensing fees from MVW after the spin-off of $4 million for 2011); (3) revenues from lodging properties owned or leased by us; and (4) cost reimbursements. Management fees comprise a base fee, which is a percentage of the revenues of hotels, and an incentive fee, which is generally based on hotel profitability. Franchise fees comprise initial application fees and continuing royalties generated from our franchise programs, which permit the hotel owners and operators to use certain of our brand names. Cost reimbursements include direct and indirect costs that are reimbursed to us by properties that we manage or franchise. For periods prior to the spin-off date, our revenues also include timeshare sales and services revenue (which also includes resort rental revenue, interest income associated with “Loans to timeshare owners,” Timeshare segment note securitization gains, and revenue from the points-based use system) and cost reimbursements revenue associated with our former Timeshare segment. Base Management and Incentive Management Fees: We recognize base management fees as revenue when earned in accordance with the contract. In interim periods and at year-end, we recognize incentive management fees that would be due as if the contract were to terminate at that date, exclusive of any termination fees payable or receivable by us. Franchise Fee and License Fee Revenue: We recognize franchise fees and license fees as revenue in each accounting period as fees are earned from the franchisee or licensee. Owned and Leased Units: We recognize room sales and revenues from other guest services for our owned and leased units when rooms are occupied and services have been rendered. Cost Reimbursements: We recognize cost reimbursements from managed, franchised, and timeshare properties (for periods prior to the spin-off date) when we incur the related reimbursable costs. Other Revenue: Includes other third-party licensing fees, branding fees for third party residential sales and credit card licensing, land rental income, and other revenue. Timeshare and Fractional Intervals and Condominiums: Prior to the spin-off date, we recognized sales when: (1) we had received a minimum of ten percent of the purchase price; (2) the purchaser’s period to cancel for a refund had expired; (3) we deemed the receivables to be collectible; and (4) we had attained certain minimum sales and construction levels. We deferred all revenue using the deposit method for sales that did not meet all four of these criteria. For sales that did not qualify for full revenue recognition as the project had progressed beyond the preliminary stages but had not yet reached completion, all revenue and profit were deferred and recognized in earnings using the percentage of completion method. Timeshare segment deferred revenue at year-end 2010 was $56 million. The 2011 balance was transferred to MVW at the time of spin-off. See Footnote No. 17, "Spin-off" for additional information. Timeshare Points-Based Use System Revenue: Prior to the spin-off date, as sales under this points-based use system were considered to be the sale of real estate, we recognized these sales when the criteria noted in the “Timeshare and Fractional Intervals and Condominiums” caption were met. Timeshare Residential (Stand-Alone Structures): Prior to the spin-off date, we recognized sales under the full accrual method of accounting when we received our proceeds and transferred title at settlement. Ground Leases We are both the lessor and lessee of land under long-term operating leases, which include scheduled increases in minimum rents. We recognize these scheduled rent increases on a straight-line basis over the initial lease term. Real Estate Sales We reduce gains on sales of real estate by the maximum exposure to loss if we have continuing involvement with the property and do not transfer substantially all of the risks and rewards of ownership. In sales transactions where we retain a management contract, the terms and conditions of the management contract are generally comparable to the terms and conditions of the management contracts obtained directly with third-party owners in competitive bid processes. Profit Sharing Plan We contribute to a profit sharing plan for the benefit of employees meeting certain eligibility requirements and electing participation in the plan. Contributions are determined based on a specified percentage of salary deferrals by participating employees. We recognized compensation costs from profit sharing of $91 million in 2011, $86 million in 2010, and $94 million in 2009. Self-Insurance Programs We are self-insured for certain levels of property, liability, workers’ compensation and employee medical coverage. We accrue estimated costs of these self-insurance programs at the present value of projected settlements for known and incurred but not reported claims. We use a discount rate of 2.0 percent to determine the present value of the projected settlements, which we consider to be reasonable given our history of settled claims, including payment patterns and the fixed nature of the individual settlements. We are subject to a variety of assessments related to our insurance activities, including those by state guaranty funds and workers’ compensation second-injury funds. Our liabilities recorded for assessments are reflected within the amounts shown in our Balance Sheets on the other current liabilities line, are not discounted, and totaled $4 million at year-end 2011 and $5 million at year-end 2010. The $4 million liability for assessments as of year-end 2011 is expected to be paid by the end of 2012. Our Rewards Programs Marriott Rewards and The Ritz-Carlton Rewards are our frequent guest loyalty programs. Program members earn points based on their monetary spending at our lodging operations, purchases of timeshare interval, fractional ownership, and residential products (through MVW for periods after the spin-off date) and, to a lesser degree, through participation in affiliated partners’ programs, such as those offered by car rental, and credit card companies. Points, which we track on members’ behalf, can be redeemed for stays at most of our lodging operations, airline tickets, airline frequent flyer program miles, rental cars, and a variety of other awards; however, points cannot be redeemed for cash. We provide Marriott Rewards and The Ritz-Carlton Rewards as marketing programs to participating properties, with the objective of operating the programs on a break-even basis to us. As members earn points at properties and other program partners, we sell the points for amounts that we expect will, in the aggregate, equal the costs of point redemptions and program operating costs over time. We defer revenue received from managed, franchised, and Marriott-owned/leased hotels and program partners equal to the fair value of our future redemption obligation. We determine the fair value of the future redemption obligation based on statistical formulas that project timing of future point redemption based on historical levels, including an estimate of the “breakage” for points that will never be redeemed, and an estimate of the points that will eventually be redeemed. These judgment factors determine the required liability for outstanding points. Our rewards programs’ liability totaled $1,948 million and $1,799 million at year-end 2011 and 2010, respectively. A ten percent reduction in the estimate of “breakage” would have resulted in an estimated $101 million increase in the liability at year-end 2011. Our management and franchise agreements require that we be reimbursed currently for the costs of operating the program, including marketing, promotion, communication with, and performing member services for rewards program members. Due to the requirement that properties reimburse us for program operating costs as incurred, we recognize the related cost reimbursements revenues from properties in connection with our rewards programs at the time such costs are incurred and expensed. We recognize the component of revenue from program partners that corresponds to program maintenance services over the expected life of the points awarded. Upon the redemption of points, we recognize as revenue the amounts previously deferred and recognize the corresponding expense relating to the costs of the awards redeemed. Guarantees We record a liability for the fair value of a guarantee on the date we issue or modify a guarantee. The offsetting entry depends on the circumstances in which the guarantee was issued. Funding under the guarantee reduces the recorded liability. When no funding is forecasted, the liability is amortized into income on a straight-line basis over the remaining term of the guarantee. On a quarterly basis, we evaluate all material estimated liabilities based on the operating results and the terms of the guarantee. If we conclude that it is probable that we will be required to fund a greater amount than previously estimated, we will record a loss unless the advance would be recoverable in the form of a loan. Rebates and Allowances We participate in various vendor rebate and allowance arrangements as a manager of hotel properties. There are three types of programs that are common in the hotel industry that are sometimes referred to as “rebates” or “allowances,” including unrestricted rebates, marketing (restricted) rebates, and sponsorships. The primary business purpose of these arrangements is to secure favorable pricing for our hotel owners for various products and services or enhance resources for promotional campaigns co-sponsored by certain vendors. More specifically, unrestricted rebates are funds returned to the buyer, generally based upon volumes or quantities of goods purchased. Marketing (restricted) allowances are funds allocated by vendor agreements for certain marketing or other joint promotional initiatives. Sponsorships are funds paid by vendors, generally used by the vendor to gain exposure at meetings and events, which are accounted for as a reduction of the cost of the event. We account for rebates and allowances as adjustments of the prices of the vendors’ products and services. We show vendor costs and the reimbursement of those costs to us as reimbursed costs and cost reimbursements revenue, respectively; therefore, rebates are reflected as a reduction of these line items. Cash and Equivalents We consider all highly liquid investments with an initial maturity of three months or less at date of purchase to be cash equivalents. Restricted Cash Restricted cash in our Balance Sheets at year-end 2011 and year-end 2010 is recorded as zero and $55 million, respectively, in the “Other current assets” line and $16 million and $30 million, respectively, in the “Other long-term assets” line. Restricted cash primarily consists of cash held internationally that we have not repatriated due to statutory, tax and currency risks. Assets Held for Sale We consider properties (other than Timeshare segment interval, fractional ownership, and residential products, which we classified as inventory prior to the spin-off date) to be assets held for sale when all of the following criteria are met:
Upon designation as an asset held for sale, we record the carrying value of each property at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and we cease depreciation. At year-end 2011 and 2010, we had no assets held for sale and no liabilities related to assets held for sale. Loan Loss Reserves Senior, Mezzanine, and Other Loans We sometimes make loans to owners of hotels that we operate or franchise, typically to facilitate the development of a hotel and sometimes to facilitate brand programs or initiatives. We expect the owners to repay the loans in accordance with the loan agreements, or earlier as the hotels mature and capital markets permit. We use metrics such as loan-to-value ratios, debt service coverage, collateral, etc., to assess the credit quality of the loan receivable upon entering into the loan agreement and on an ongoing basis as applicable. On a regular basis, we individually assess all of these loans for impairment. Internally generated cash flow projections are used to determine if the loans are expected to be repaid in accordance with the terms of the loan agreements. If it is probable that a loan will not be repaid in accordance with the loan agreement, we consider the loan impaired and begin recognizing interest income on a cash basis. To measure impairment, we calculate the present value of expected future cash flows discounted at the loan’s original effective interest rate or the estimated fair value of the collateral. If the present value or the estimated collateral is less than the carrying value of the loan receivable, we establish a specific impairment reserve for the difference. If it is likely that a loan will not be collected based on financial or other business indicators, including our historical experience, it is our policy to charge off the loans in the quarter when it is deemed uncollectible. Loans to Timeshare Owners Prior to the spin-off date, we recorded an estimate of expected uncollectibility on all notes receivable from timeshare purchasers as a reduction of revenue at the time we recognized profit on a timeshare sale. We fully reserved all defaulted notes in addition to recording a reserve on the estimated uncollectible portion of the remaining notes. For those notes not in default, we assessed collectibility based on pools of receivables because we held large numbers of homogeneous timeshare notes receivable. We estimated uncollectibles for the pool based on historical activity for similar timeshare notes receivable. Although we considered loans to timeshare owners past due if we did not receive payment within 30 days of the due date, we suspended accrual of interest only on those that were over 90 days past due. We considered loans over 150 days past due to be in default. We applied payments we received for loans on nonaccrual status first to interest, then principal, and any remainder to fees. We resumed accruing interest when loans were less than 90 days past due. We did not accept payments for notes during the foreclosure process unless the amount was sufficient to pay all principal, interest, fees and penalties owed and fully reinstate the note. We wrote off uncollectible notes against the reserve once we received title through the foreclosure or deed-in-lieu process. On November 21, 2011, we transferred all balances related to loans to timeshare owners (both securitized and non-securitized) to MVW as part of the spin-off. For additional information on our notes receivable, including information on the related reserves, see Footnote No. 10, “Notes Receivable.” Valuation of Goodwill We assess goodwill for potential impairments at the end of each fiscal year, or during the year if an event or other circumstance indicates that we may not be able to recover the carrying amount of the asset. In evaluating goodwill for impairment, we first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. If we conclude that it is not more likely than not that the fair value of a reporting unit is less than its carrying value, then no further testing of the goodwill assigned to the reporting unit is required. However, if we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then we perform a two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment to be recognized, if any. In the first step of the review process, we compare the estimated fair value of the reporting unit with its carrying value. If the estimated fair value of the reporting unit exceeds its carrying amount, no further analysis is needed. If the estimated fair value of the reporting unit is less than its carrying amount, we proceed to the second step of the review process to calculate the implied fair value of the reporting unit goodwill in order to determine whether any impairment is required. We calculate the implied fair value of the reporting unit goodwill by allocating the estimated fair value of the reporting unit to all of the assets and liabilities of the reporting unit as if the reporting unit had been acquired in a business combination. If the carrying value of the reporting unit’s goodwill exceeds the implied fair value of the goodwill, we recognize an impairment loss for that excess amount. In allocating the estimated fair value of the reporting unit to all of the assets and liabilities of the reporting unit, we use industry and market data, as well as knowledge of the industry and our past experiences. We base our calculation of the estimated fair value of a reporting unit on the income approach. For the income approach, we use internally developed discounted cash flow models that include, among others, the following assumptions: projections of revenues and expenses and related cash flows based on assumed long-term growth rates and demand trends; expected future investments to grow new units; and estimated discount rates. We base these assumptions on our historical data and experience, third-party appraisals, industry projections, micro and macro general economic condition projections, and our expectations. We have had no goodwill impairment charges for the last three fiscal years, and as of the date of each of the most recent detailed tests, the estimated fair value of each of our reporting units exceeded its’ respective carrying amount by more than 100 percent based on our models and assumptions. For additional information related to goodwill, including the amounts of goodwill by segment, see Footnote No. 16, “Business Segments.” Investments We consolidate entities that we control. We account for investments in joint ventures using the equity method of accounting when we exercise significant influence over the venture. If we do not exercise significant influence, we account for the investment using the cost method of accounting. We account for investments in limited partnerships and limited liability companies using the equity method of accounting when we own more than a minimal investment. Our ownership interest in these equity method investments varies generally from 10 percent to 49 percent. The fair value of our available-for-sale securities totaled $50 million and $18 million at year-end 2011 and year-end 2010, respectively. The amount of net losses reclassified out of accumulated other comprehensive income as a result of an other-than-temporary impairment of available-for-sale securities totaled $18 million and zero for 2011 and 2010, respectively. The amount of net losses reclassified out of accumulated other comprehensive income as a result of the sale of available-for-sale securities totaled zero for both 2011 and 2010. We determined the cost basis of the securities sold using specific identification. Valuation of Intangibles and Long-Lived Assets We test intangibles and long-lived asset groups for recoverability when changes in circumstances indicate the carrying value may not be recoverable, for example, when there are material adverse changes in projected revenues or expenses, significant underperformance relative to historical or projected operating results, and significant negative industry or economic trends. We also perform a test for recoverability when management has committed to a plan to sell or otherwise dispose of an asset group and the plan is expected to be completed within a year. We evaluate recoverability of an asset group by comparing its carrying value to the future net undiscounted cash flows that we expect will be generated by the asset group. If the comparison indicates that the carrying value of an asset group is not recoverable, we recognize an impairment loss for the excess of carrying value over the estimated fair value. When we recognize an impairment loss for assets to be held and used, we depreciate the adjusted carrying amount of those assets over their remaining useful life. We base our calculations of the estimated fair value of an intangible asset or asset group on the income approach or the market approach. The assumptions and methodology we utilize for the income approach are the same as those described in the “Valuation of Goodwill” caption. For the market approach, we use internal analyses based primarily on market comparables and assumptions about market capitalization rates, growth rates, and inflation. For information on impairment losses that we recorded in 2011 and 2009 associated with intangibles and long-lived assets, see Footnote No. 18, “Timeshare Strategy-Impairment Charges” and Footnote No. 19, “Restructuring Costs and Other Charges” of the Notes to the Financial Statements of this Form 10-K. For information on impairment losses that we recorded in 2010 associated with long-lived assets, see Footnote No. 7, “Property and Equipment” of the Notes to the Financial Statements of this Form 10-K. Valuation of Investments in Ventures We sometimes hold a minority equity interest in ventures established to develop or acquire and own hotel properties and prior to the spin-off date held a minority interest in ventures established to develop timeshare interval, fractional ownership and residential properties. These ventures are generally limited liability companies or limited partnerships, and our equity interest in these ventures generally ranges from 10 percent to 49 percent. We evaluate an investment in a venture for impairment when circumstances indicate that the carrying value may not be recoverable, for example due to loan defaults, significant under performance relative to historical or projected operating performance, and significant negative industry or economic trends. We impair investments accounted for using the equity and cost methods of accounting when we determine that there has been an “other than temporary” decline in the estimated fair value as compared to the carrying value, of the venture. Additionally, a commitment to a plan to sell some or all of the assets in a venture could cause a recoverability evaluation for the individual long-lived assets in the venture and possibly the venture itself. We calculate the estimated fair value of an investment in a venture using either a market approach or an income approach. The assumptions and methodology we utilize for the income approach are the same as those described in the “Valuation of Goodwill” caption. For the market approach, we use internal analyses based primarily on market comparables and assumptions about market capitalization rates, growth rates, and inflation. For information regarding impairment losses that we recorded in 2009 associated with investments in ventures, see Footnote No. 18, “Timeshare Strategy-Impairment Charges” and Footnote No. 19, “Restructuring Costs and Other Charges” of the Notes to the Financial Statements of this Form 10-K. Fair Value Measurements We have various financial instruments we must measure at fair value on a recurring basis, including certain marketable securities and derivatives. See Footnote No. 4, “Fair Value of Financial Instruments,” for further information. We also apply the provisions of fair value measurement to various non-recurring measurements for our financial and non-financial assets and liabilities. Applicable accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). We measure our assets and liabilities using inputs from the following three levels of the fair value hierarchy: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 includes unobservable inputs that reflect our assumptions about what factors market participants would use in pricing the asset or liability. We develop these inputs based on the best information available, including our own data. Derivative Instruments The designation of a derivative instrument as a hedge and its ability to meet the hedge accounting criteria determine how we reflect the change in fair value of the derivative instrument in our Financial Statements. A derivative qualifies for hedge accounting if, at inception, we expect the derivative to be highly effective in offsetting the underlying hedged cash flows or fair value and we fulfill the hedge documentation standards at the time we enter into the derivative contract. We designate a hedge as a cash flow hedge, fair value hedge, or a net investment in non-U.S. operations hedge based on the exposure we are hedging. The asset or liability value of the derivative will change in tandem with its fair value. For the effective portion of qualifying hedges, we record changes in fair value in other comprehensive income (“OCI”). We release the derivative’s gain or loss from OCI to match the timing of the underlying hedged items’ effect on earnings. We review the effectiveness of our hedging instruments on a quarterly basis, recognize current period hedge ineffectiveness immediately in earnings, and discontinue hedge accounting for any hedge that we no longer consider to be highly effective. We recognize changes in fair value for derivatives not designated as hedges or those not qualifying for hedge accounting in current period earnings. Upon termination of cash flow hedges, we release gains and losses from OCI based on the timing of the underlying cash flows or revenue recognized, unless the termination results from the failure of the intended transaction to occur in the expected timeframe. Such untimely transactions require us to immediately recognize in earnings, gains and losses that we previously recorded in OCI. Changes in interest rates, currency exchange rates, and equity securities expose us to market risk. We manage our exposure to these risks by monitoring available financing alternatives, as well as through development and application of credit granting policies. We also use derivative instruments, including cash flow hedges, net investment in non-U.S. operations hedges, fair value hedges, and other derivative instruments, as part of our overall strategy to manage our exposure to market risks. As a matter of policy, we only enter into transactions that we believe will be highly effective at offsetting the underlying risk, and we do not use derivatives for trading or speculative purposes. See Footnote No. 4, “Fair Value of Financial Instruments,” for additional information. Non-U.S. Operations The U.S. dollar is the functional currency of our consolidated and unconsolidated entities operating in the United States. The functional currency for our consolidated and unconsolidated entities operating outside of the United States is generally the currency of the primary economic environment in which the entity primarily generates and expends cash. For consolidated entities whose functional currency is not the U.S. dollar, we translate their financial statements into U.S. dollars, and we do the same, as needed, for unconsolidated entities whose functional currency is not the U.S. dollar. We translate assets and liabilities at the exchange rate in effect as of the financial statement date, and translate income statement accounts using the weighted average exchange rate for the period. We include translation adjustments from currency exchange and the effect of exchange rate changes on intercompany transactions of a long-term investment nature as a separate component of shareholders’ equity. We report gains and losses from currency exchange rate changes related to intercompany receivables and payables that are not of a long-term investment nature, as well as gains and losses from non-U.S. currency transactions, currently in operating costs and expenses, and those amounted to a loss of $7 million in 2011, a loss of $7 million in 2010, and a loss of less than $1 million in 2009. Gains and other income for 2011 included $2 million attributable to currency translation adjustment gains, net of losses, from the sale or complete or substantially complete liquidation of investments. Gains and other income for 2010 included $2 million attributable to currency translation adjustment losses, net of gains, from the sale or complete or substantially complete liquidation of investments. There were no similar gains or losses in 2009. Legal Contingencies We are subject to various legal proceedings and claims, the outcomes of which are subject to significant uncertainty. We record an accrual for legal contingencies when we determine that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In making such determinations we evaluate, among other things, the degree of probability of an unfavorable outcome and, when it is probable that a liability has been incurred, our ability to make a reasonable estimate of the loss. We review these accruals each reporting period and make revisions based on changes in facts and circumstances. Income Taxes We record the amounts of taxes payable or refundable for the current year, as well as deferred tax liabilities and assets for the future tax consequences of events that we have recognized in our financial statements or tax returns. We use judgment in assessing future profitability and the likely future tax consequences of events that we have recognized in our financial statements or tax returns. We base our estimates of deferred tax assets and liabilities on current tax laws, rates and interpretations, and, in certain cases, business plans and other expectations about future outcomes. We develop our estimates of future profitability based on our historical data and experience, industry projections, micro and macro general economic condition projections, and our expectations. Changes in existing tax laws and rates, their related interpretations, as well as the uncertainty generated by the current economic environment may affect the amounts of deferred tax liabilities or the valuations of deferred tax assets over time. Our accounting for deferred tax consequences represents management’s best estimate of future events that can be appropriately reflected in the accounting estimates. For tax positions we have taken or expect to take in a tax return, we apply a more likely than not threshold, under which we must conclude a tax position is more likely than not to be sustained, assuming that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information, in order to continue to recognize the benefit. In determining our provision for income taxes, we use judgment, reflecting our estimates and assumptions, in applying the more likely than not threshold. For information about income taxes and deferred tax assets and liabilities, see Footnote No. 2, “Income Taxes.” New Accounting Standards Accounting Standards Update No. 2010-06 – "Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements" (“ASU No. 2010-06”) Certain provisions of ASU No. 2010-06 became effective during our 2011 first quarter. Those provisions, which amended Subtopic 820-10, require us to present as separate line items all purchases, sales, issuances, and settlements of financial instruments valued using significant unobservable inputs (Level 3) in the reconciliation of fair value measurements, in contrast to the previous aggregate presentation as a single line item. The adoption did not have a material impact on our financial statements or disclosures. Accounting Standards Update No. 2011-08 – “Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment” (“ASU No. 2011-08”) We early adopted ASU No. 2011-08 in the 2011 fourth quarter, which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. Based on our examination of qualitative factors at year-end 2011, we concluded that it was not more likely than not that the fair value of any of our reporting units was less than their respective carrying values; therefore, no further testing of the goodwill assigned to our reporting units was required. The adoption of this update did not have a material impact on our financial statements. Future Adoption of Accounting Standards Accounting Standards Update No. 2011-04 – “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs” (“ASU No. 2011-04”) ASU No. 2011-04 generally provides a uniform framework for fair value measurements and related disclosures between GAAP and International Financial Reporting Standards (“IFRS”). Additional disclosure requirements in this update include: (1) for Level 3 fair value measurements, quantitative information about unobservable inputs used, a description of the valuation processes used by the entity, and a qualitative discussion about the sensitivity of the measurements to changes in the unobservable inputs; (2) for an entity’s use of a nonfinancial asset that is different from the asset’s highest and best use, the reason for the difference; (3) for financial instruments not measured at fair value but for which disclosure of fair value is required, the fair value hierarchy level in which the fair value measurements were determined; and (4) the disclosure of all transfers between Level 1 and Level 2 of the fair value hierarchy. ASU No. 2011-04 will be effective for interim and annual periods beginning on or after December 15, 2011, which for us will be our 2012 first quarter. We do not believe the adoption of this update will have a material impact on our financial statements. See the “Fair Value Measurements” caption of this footnote for additional information on the three levels of fair value measurements. Accounting Standards Update No. 2011-05 -“Comprehensive Income (Topic 220): Presentation of Comprehensive Income” (“ASU No. 2011-05”) and Accounting Standards Update No. 2011-12 - "Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU No. 2011-05" ("ASU No. 2011-12") ASU No. 2011-05 amends existing guidance by allowing only two options for presenting the components of net income and other comprehensive income: (1) in a single continuous financial statement, statement of comprehensive income or (2) in two separate but consecutive financial statements, consisting of an income statement followed by a separate statement of other comprehensive income. ASU No. 2011-12 defers until further notice ASU No. 2011-05's requirement that items that are reclassified from other comprehensive income to net income be presented on the face of the financial statements. ASU No. 2011-05 requires retrospective application, and both ASU Nos. 2011-05 and 2011-12 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 (for us this will be our 2012 first quarter), with early adoption permitted. We believe the adoption of these updates will change the order in which we present certain financial statements, but will not have any other impact on our financial statements. |
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- Definition
The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES
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Dec. 30, 2011
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| Income Taxes | INCOME TAXES Our (provision for)/benefit from income taxes consists of:
Our current tax provision does not reflect the benefits or costs attributable to us for the exercise or vesting of employee share-based awards of benefits of $55 million in 2011, benefits of $51 million in 2010, and costs of $8 million in 2009. The preceding table includes tax credits of $4 million in 2011, $2 million in 2010, and $2 million in 2009. The taxes applicable to other comprehensive income are $14 million in 2011 and were not material for 2010 and 2009. We have made no provision for U.S. income taxes or additional non-U.S. taxes on the cumulative unremitted earnings of non-U.S. subsidiaries ($451 million as of year-end 2011) because we consider these earnings to be indefinitely reinvested. These earnings could become subject to additional taxes if remitted as dividends, loaned to us or a U.S. affiliate or if we sold our interests in the affiliates. We cannot practically estimate the amount of additional taxes that might be payable on the unremitted earnings. We conduct business in countries that grant “holidays” from income taxes for 5 to 30 year periods. These holidays expire through 2034. Without these tax “holidays,” we would have incurred the following aggregate income taxes and related earnings per share impacts: $1 million (less than $0.01 per diluted share) in 2011; $7 million ($0.02 per diluted share) in 2010; and $4 million ($0.01 per diluted share) in 2009. We file income tax returns, including returns for our subsidiaries, in various jurisdictions around the world. We filed an IRS refund claim relating to 2000 and 2001 for certain software development costs. The IRS disallowed the claims, and in July 2009, we protested the disallowance. We settled this issue with the IRS in the 2011 second quarter resulting in a refund of $3 million relating to 2000 and $5 million relating to 2001. In 2011, we recorded an income tax expense of $34 million to write-off certain deferred tax assets that we transferred to MVW in conjunction with the spin-off of our timeshare operations and timeshare development business. We impaired these assets because we considered it "more likely than not" that MVW will be unable to realize the value of those deferred tax assets. Please see Footnote No. 17, “Spin-off” for additional information regarding the transaction. In the 2010 fourth quarter, we reached a settlement with the IRS Appeals Division resolving all issues that arose in the audit of tax years 2005 through 2008. This settlement resulted in an $85 million decrease in our tax expense for 2010 due to the release of tax liabilities we had previously established for the treatment of funds we received from non-U.S. subsidiaries. Additionally, our 2010 income tax expense reflected a $12 million benefit we recorded primarily associated with revisions to estimates of prior years’ foreign income tax expenses. In 2009, we recorded an income tax expense of $52 million primarily related to the treatment of funds received from non-U.S. subsidiaries. This issue has been settled as noted above. The IRS has examined our federal income tax returns, and we have settled all issues for tax years through 2009. We participated in the IRS Compliance Assurance Program (“CAP”) for the 2011 and 2010 tax years and also expect to participate for 2012. This program accelerates the examination of key transactions with the goal of resolving any issues before the tax return is filed. Various income tax returns are also under examination by foreign, state and local taxing authorities. We had total unrecognized tax benefits of $39 million at year-end 2011, $39 million at year-end 2010, and $249 million at year-end 2009. These unrecognized tax benefits reflect the following year-over-year changes: (1) no net change in 2011, although 2011 included increases such as positions related to the spin-off of our timeshare operations, and decreases such as the closing of the 2005 - 2008 IRS audits, the re-measurement of existing positions, and the lapse of statutes of limitations; (2) a $210 million decrease in 2010, primarily reflecting the settlement with IRS Appeals of the 2005-2008 tax years; and (3) a $108 million increase in 2009, primarily representing an increase for the treatment of funds received from non-U.S. subsidiaries due to our then current exposure. As a large taxpayer, the IRS and other taxing authorities continually audit us. Although we do not anticipate that a significant impact to our unrecognized tax benefit balance will occur during the next 52 weeks as a result of these audits, it remains possible that the amount of our liability for unrecognized tax benefits could change over that time period. Our unrecognized tax benefit balances included $24 million at year-end 2011, $26 million at year-end 2010, and $136 million at year-end 2009 of tax positions that, if recognized, would impact our effective tax rate. The following table reconciles our unrecognized tax benefit balance for each year from the beginning of 2009 to the end of 2011:
In accordance with our accounting policies, we recognize accrued interest and penalties related to our unrecognized tax benefits as a component of tax expense. Related interest expense totaled $1 million in 2011, $2 million in 2010, and $2 million in 2009. Accrued interest expense totaled $3 million in 2011, $4 million in 2010 and $28 million in 2009. Deferred Income Taxes Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as well as from net operating loss and tax credit carry-forwards. We state those balances at the enacted tax rates we expect will be in effect when we actually pay or recover the taxes. Deferred income tax assets represent amounts available to reduce income taxes we will pay on taxable income in future years. We evaluate our ability to realize these future tax deductions and credits by assessing whether we expect to have sufficient future taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies to utilize these future deductions and credits. We establish a valuation allowance when we no longer consider it more likely than not that a deferred tax asset will be realized. Total deferred tax assets and liabilities as of year-end 2011 and year-end 2010, were as follows:
The following table details the composition of the net deferred tax balances at year-end 2011 and 2010.
The tax effect of each type of temporary difference and carry-forward that gives rise to a significant portion of our deferred tax assets and liabilities as of year-end 2011 and year-end 2010, were as follows:
At year-end 2011, we had approximately $48 million of tax credits that expire through 2031 and $232 million of tax credits that do not expire. We recorded $332 million of net operating loss benefits in 2011 and $21 million in 2010. At year-end 2011, we had approximately $3.3 billion of net operating losses, of which $2.8 billion expire through 2031. Reconciliation of U.S. Federal Statutory Income Tax Rate to Actual Income Tax Rate The following table reconciles the U.S. statutory tax rate to our effective income tax rate:
Cash paid for income taxes, net of refunds, was $45 million in 2011, $68 million in 2010, and $110 million in 2009. |
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SHARE-BASED COMPENSATION
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Dec. 30, 2011
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| Share-Based Compensation | SHARE-BASED COMPENSATION Under our 2002 Comprehensive Stock and Cash Incentive Plan (the “Comprehensive Plan”), we award: (1) stock options to purchase our Class A Common Stock (“Stock Option Program”); (2) stock appreciation rights (“SARs”) for our Class A Common Stock (“SAR Program”); (3) restricted stock units (“RSUs”) of our Class A Common Stock; and (4) deferred stock units. We grant awards at exercise prices or strike prices equal to the market price of our Class A Common Stock on the date of grant. For all share-based awards, the guidance requires that we measure compensation costs related to our share-based payment transactions at fair value on the grant date and that we recognize those costs in the financial statements over the vesting period during which the employee provides service in exchange for the award. Effective with the spin-off (see Footnote No. 17, "Spin-off" for further information), all holders of Marriott RSUs on the November 10, 2011 date of record for the spin-off received MVW RSUs consistent with the distribution ratio, with terms and conditions substantially similar to the terms and conditions applicable to the Marriott RSUs. Also, effective with the spin-off, the holders of Marriott stock options and SARs on the date of record received MVW stock options and SARs, consistent with the distribution ratio, with terms and conditions substantially similar to the terms and conditions applicable to the Marriott stock options and SARs. In order to preserve the aggregate intrinsic value of the Marriott stock options and SARs held by such persons, the exercise prices of such awards were adjusted by using the proportion of the Marriott ex-distribution closing stock price to the sum of the total of the Marriott ex-distribution and MVW when issued closing stock prices on the distribution date. All of these adjustments were designed to equalize the fair value of each award before and after spin-off. These adjustments were accounted for as modifications to the original awards. A comparison of the fair value of the modified awards with the fair value of the original awards immediately before the modification did not yield incremental value. Accordingly, Marriott did not record any incremental compensation expense as a result of the modifications to the awards on the spin-off date. Marriott's future share-based compensation expense will not be significantly impacted by the equity award adjustments that occurred as a result of the spin-off. Deferred compensation costs as of the date of spin-off reflected the unamortized balance of the original grant date fair value of the equity awards held by Marriott employees (regardless of whether those awards are linked to Marriott stock or MVW stock). Following the spin-off, MVW employees who participated in the Comprehensive Plan prior to the spin-off may continue to hold such Marriott granted awards as non-employees. Marriott will not record any share-based compensation expense related to these unvested awards held by MVW employees after the spin-off. During 2011, we granted 2.6 million RSUs, 0.7 million SARs, and 29,000 deferred stock units. We recorded share-based compensation expense related to award grants of $86 million in 2011, $90 million in 2010, and $85 million in 2009. Deferred compensation costs related to unvested awards totaled $101 million and $113 million at year-end 2011 and 2010, respectively. As of year-end 2011, we expect to recognize these deferred compensation expenses over a weighted average period of two years. For awards granted after 2005, we recognize share-based compensation expense over the period from the grant date to the date on which the award is no longer contingent on the employee providing additional service (the “substantive vesting period”). We continue to follow the stated vesting period for the unvested portion of awards granted prior to 2006 and the adoption of the current guidance for share-based compensation and follow the substantive vesting period for awards granted after 2005. In accordance with the guidance for share-based compensation, we present the tax benefits and costs resulting from the exercise or vesting of share-based awards as financing cash flows. The exercise of share-based awards in 2010 and 2009 resulted in tax benefits of $51 million in 2010 and tax costs of $8 million in 2009. Due to current year tax losses, we recorded no tax benefit in 2011. We received cash from the exercise of Marriott stock options of $124 million in 2011, $147 million in 2010, and $35 million in 2009. RSUs We issue Marriott RSUs under the Comprehensive Plan to certain officers and key employees and those units vest generally over four years in equal annual installments commencing one year after the date of grant. We recognize compensation expense for RSUs over the service period equal to the fair market value of the stock units on the date of issuance. Upon vesting, Marriott RSUs convert to shares and are distributed from treasury shares. At year-end 2011 and year-end 2010, we had deferred compensation associated with RSUs of approximately $94 million and $103 million, respectively. The weighted average remaining term for RSU grants outstanding at year-end 2011 was two years. The following table provides additional information on RSUs for the last three fiscal years:
The following table shows the 2011 changes in our outstanding Marriott RSU grants and the associated weighted average grant-date fair values:
(1) Includes 0.7 million Marriott RSUs held by MVW employees. Stock Options and SARs We may grant employee stock options to officers and key employees at exercise prices or strike prices equal to the market price of our Class A Common Stock on the date of grant. Non-qualified options generally expire ten years after the date of grant, except those issued from 1990 through 2000, which expire 15 years after the date of the grant. Most stock options under the Stock Option Program are exercisable in cumulative installments of one quarter at the end of each of the first four years following the date of grant. We recognized compensation expense associated with employee stock options of less than $1 million in 2011, less than $1 million in 2010, and $1 million in 2009. We had approximately $1 million in deferred compensation costs related to employee stock options at both year-end 2011 and year-end 2010. Upon the exercise of Marriott stock options, we issue shares from treasury shares. The following table shows the 2011 changes in our outstanding Marriott Stock Option Program awards and the associated weighted average exercise prices:
(1) Includes 0.4 million Marriott options held by MVW employees. The following table shows the Marriott stock options issued under the Stock Option Program awards outstanding at year-end 2011:
The following table shows the number of Marriott options we granted in the last three years and the associated weighted average grant-date fair values and weighted average exercise prices:
The following table shows the intrinsic value of outstanding Marriott stock options and exercisable Marriott stock options at year-end 2011 and 2010:
The total intrinsic value of Marriott stock options exercised during 2011, 2010, and 2009 was approximately $124 million, $149 million, and $30 million, respectively. We may grant Marriott SARs to officers and key employees ("Employee SARs") at base values (exercise prices or strike prices) equal to the market price of our Class A Common Stock on the date of grant. Employee SARs expire ten years after the date of grant and both vest and may be exercised in cumulative installments of one quarter at the end of each of the first four years following the date of grant. We may grant Marriott SARs to directors ("Director SARs") at exercise prices or strike prices equal to the market price of our Class A Common Stock on the date of grant. Director SARs generally expire ten years after the date of grant and vest upon grant; however, they are generally not exercisable until one year after grant. On exercise of Marriott SARs, holders receive the number of shares of our Class A Common Stock equal to the number of SARs that are being exercised multiplied by the quotient of (a) the final value minus the base value, divided by (b) the final value. We recognized compensation expense associated with Employee SARs and Director SARs of $12 million in 2011, $12 million in 2010, and $11 million in 2009. At year-end 2011 and year-end 2010, we had approximately $6 million and $9 million, respectively, in deferred compensation costs related to SARs. Upon the exercise of Marriott SARs, we issue shares from treasury shares. The following table shows the 2011 changes in our outstanding Marriott SARs and the associated weighted average exercise prices:
(1) Includes 0.3 million Marriott SARs held by MVW employees. The following tables show the number of Employee Marriott SARs and Director Marriott SARs granted in the last three years, the associated weighted average exercise prices, and the associated weighted average grant-date fair values:
The number of Marriott SARs forfeited in 2011 and 2010 was 63,000 and 79,000, respectively. Outstanding Marriott SARs at year-end 2011 and year-end 2010 had total intrinsic values of less than $1 million and $54 million, respectively. Exercisable Marriott SARs at year-end 2011 and year-end 2010 had total intrinsic values of zero and $13 million, respectively. Marriott SARs exercised during 2011 and 2010 had total intrinsic values of $280,000 and $402,000, respectively. No SARs were exercised in 2009. We use a binomial method to estimate the fair value of each SAR granted, under which we calculate the weighted average expected SARs terms as the product of a lattice-based binomial valuation model that uses suboptimal exercise factors. We use historical data to estimate exercise behaviors and terms to retirement for separate groups of retirement eligible and non-retirement eligible employees. The following table shows the assumptions we used for stock options and Employee SARs for 2011, 2010, and 2009:
In making these assumptions, we based risk-free rates on the corresponding U.S. Treasury spot rates for the expected duration at the date of grant, which we converted to a continuously compounded rate. We based expected volatility on the weighted-average historical volatility, with periods with atypical stock movement given a lower weight to reflect stabilized long-term mean volatility. We generally valued Director SARs using assumptions consistent with those shown above for Employee SARs, except that we used an expected term of ten years and risk-free rate of 3.2 percent for 2009 rather than that shown in the foregoing table. There were no Director SARs granted during 2010 and 2011. Deferred Stock Units We also issue Marriott deferred stock units to Non-employee directors. These Non-employee director deferred stock units vest within one year and are distributed upon election. At year-end 2011 and year-end 2010, there was approximately $279,000 and $313,000, respectively, in deferred costs related to Non-employee director deferred stock units. The following table shows share-based compensation expense, number of deferred stock units granted, weighted average grant-date fair value, and aggregate intrinsic value of Non-employee director Marriott deferred stock units:
At year-end 2011 and year-end 2010, 247,000 and 252,000, respectively, of Non-employee Marriott deferred stock units were outstanding. The weighted average grant-date fair value of those outstanding deferred stock units was $25 for 2011 and $26 for 2010. Other Information Although the Comprehensive Plan also provides for issuance of deferred stock bonus awards, deferred stock awards, and restricted stock awards, our Compensation Policy Committee indefinitely suspended the issuance of deferred bonus stock beginning in 2001 and the issuance of both deferred stock awards and restricted stock awards beginning in 2003. At year-end 2011 and year-end 2010, we had zero and less than $1 million, respectively, in deferred compensation costs related to these suspended award programs. We had share-based compensation expense associated with these suspended award programs of less than $1 million in 2011, $1 million in 2010, and $1 million in 2009. At year-end 2011, we reserved 49 million shares under the Comprehensive Plan, including 22 million shares under the Stock Option Program and the SAR Program. |
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- Definition
Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE OF FINANCIAL INSTRUMENTS
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| Fair Value of Financial Instruments | FAIR VALUE OF FINANCIAL INSTRUMENTS We believe that the fair values of our current assets and current liabilities approximate their reported carrying amounts. We show the carrying values and the fair values of non-current financial assets and liabilities that qualify as financial instruments, determined in accordance with current guidance for disclosures on the fair value of financial instruments, in the following table. On November 21, 2011, we transferred all balances related to Loans to timeshare owners (both securitized and non-securitized) and non-recourse debt associated with securitized notes receivable to MVW as part of the spin-off. See Footnote No. 17, "Spin-off" for additional information.
At year-end 2010, we estimated the fair value of the securitized notes receivable using a discounted cash flow model. We believed this was comparable to a model that an independent third party would use in the then current market. Our model used default rates, prepayment rates, coupon rates and loan terms for our securitized notes receivable portfolio as key drivers of risk and relative value, that when applied in combination with pricing parameters, determined the fair value of the underlying notes receivable. At year-end 2010, we estimated the fair value of the portion of our non-securitized notes receivable that we believed will ultimately be securitized in the same manner as securitized notes receivable. We valued the remaining non-securitized notes receivable at their carrying value, rather than using our pricing model. We believed that the carrying value of such notes receivable approximated fair value because the stated interest rates of these loans were consistent with current market rates and the reserve for these notes receivable appropriately accounted for risks in default rates, prepayment rates, and loan terms. We estimate the fair value of our senior, mezzanine, and other loans by discounting cash flows using risk-adjusted rates. We estimate the fair value of our cost method investments by applying a cap rate to stabilized earnings (a market approach). The carrying value of our restricted cash approximates its fair value. At year-end 2010, we estimated the fair value of our non-recourse debt associated with securitized notes receivable using internally generated cash flow estimates derived by modeling all bond tranches for our active notes receivable securitization transactions, with consideration for the collateral specific to each tranche. The key drivers in our analysis included default rates, prepayment rates, bond interest rates and other structural factors, which we used to estimate the projected cash flows. In order to estimate market credit spreads by rating, we reviewed market spreads from timeshare notes receivable securitizations and other asset-backed transactions that occurred in the market during fiscal year 2010. We then applied those estimated market spreads to swap rates in order to estimate an underlying discount rate for calculating the fair value of the active bonds payable. We estimate the fair value of our other long-term debt, excluding leases, using expected future payments discounted at risk-adjusted rates, and we determine the fair value of our senior notes using quoted market prices. At year-end 2011 the carrying value of our commercial paper approximated its fair value due to the short maturity. Other long-term liabilities represent guarantee costs and reserves and deposit liabilities. The carrying values of our guarantee costs and reserves approximate their fair values. We estimate the fair value of our deposit liabilities primarily by discounting future payments at a risk-adjusted rate. We are required to carry our marketable securities at fair value. We value these securities using directly observable Level 1 inputs. The carrying value of our marketable securities at year-end 2011 was $50 million, which included debt securities of the U.S. Government, its sponsored agencies and other U.S. corporations invested for our self-insurance programs as well as shares of a publicly traded company. During 2011, a company in which we owned an investment that we accounted for using the cost method became a publicly traded company. Accordingly, we reclassified the investment to marketable securities and now record our investment at fair value. We determined that this security was other-than-temporarily impaired as of the end of the 2011 third quarter and, correspondingly, we recognized an $18 million loss in the 2011 third quarter which we reflected in the "(Losses) gains and other income" caption of our Income Statement. This loss included $10 million of losses that had been recorded in other comprehensive income as of the end of the 2011 second quarter. We are also required to carry our derivative assets and liabilities at fair value. As of year-end 2011, we had no derivative instruments in a long-term asset or long-term liability position. On November 21, 2011, we transferred the long-term asset position of our derivative instruments to MVW in conjunction with the spin-off. See Footnote No. 17, “Spin-off” for additional information. Prior to the spin-off, we used Level 3 inputs to value these derivatives, using valuations that we calibrated to the initial trade prices, with subsequent valuations based on unobservable inputs to the valuation model, including interest rates and volatilities. See the “Fair Value Measurements” caption of Footnote No. 1, “Summary of Significant Accounting Policies” for additional information. Prior to the spin-off, in preparing our former Timeshare segment to operate as an independent, publicly traded company following our spin-off of MVW (see Footnote No. 17, "Spin-off" for additional information), management assessed the Timeshare segment's intended use of excess undeveloped land and built inventory and the current market conditions for those assets. During the third quarter of 2011, in conjunction with our evaluation of these specific Timeshare assets and our resulting decisions to accelerate cash flow through the monetization of certain excess undeveloped land and to offer incentives to accelerate sales of excess built luxury fractional and residential inventory, we recorded $324 million ($234 million after-tax) of impairment charges, reflected in our 2011 Income Statement in the “Timeshare Strategy - Impairment Charges” caption, to write down the carrying amounts of inventory and property and equipment to their respective fair values. For additional information, see Footnote No. 18, “Timeshare Strategy - Impairment Charges.” |
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- Definition
The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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EARNINGS PER SHARE
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Dec. 30, 2011
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| Earnings Per Share | EARNINGS PER SHARE The table below illustrates the reconciliation of the earnings (losses) and number of shares used in our calculations of basic and diluted earnings (losses) per share attributable to Marriott shareholders.
We compute the effect of dilutive securities using the treasury stock method and average market prices during the period. We determine dilution based on earnings. As we recorded a loss in 2009, we did not include the following shares in the “Effect of dilutive securities” caption in the preceding table, because it would have been antidilutive to do so: 7.5 million employee stock option and SARs plan shares, 1.4 million deferred stock incentive plans shares, and 2.1 million RSU shares. In accordance with the applicable accounting guidance for calculating earnings per share, we have not included the following stock options and SARs in our calculation of diluted earnings per share because the exercise prices were greater than the average market prices for the applicable periods:
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVENTORY
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| Inventory | INVENTORY Inventory, totaling $11 million as of year-end 2011, primarily consists of hotel operating supplies for the limited number of properties we own or lease. Inventory totaling $1,489 million as of year-end 2010, consisted primarily of Timeshare segment interval, fractional ownership, and residential products totaling $1,472 million and hotel operating supplies of $17 million. Interest capitalized as a cost of Timeshare segment interval, fractional ownership, and residential products totaled $6 million in 2011 and $3 million in 2010. On November 21, 2011, we transferred all Timeshare segment inventory balances (including the capitalized interest) to MVW as part of the spin-off. See Footnote No. 17, "Spin-off" for additional information. We generally value operating supplies at the lower of cost (using the first-in, first-out method) or market. Prior to the spin-off date, we primarily recorded Timeshare segment interval, fractional ownership, and residential products at the lower of cost or fair market value, in accordance with applicable accounting guidance. Consistent with recognized industry practice, we classified Timeshare segment interval, fractional ownership, and residential products inventory as of year-end 2010 (which had an operating cycle that exceeds 12 months) as a current asset. Prior to the spin-off, in preparing our former Timeshare segment to operate as an independent, publicly traded company (see Footnote No. 17, "Spin-off" for additional information), management assessed the Timeshare segment's intended use of excess undeveloped land and built inventory and the current market conditions for those assets. On September 8, 2011, management approved a plan for the Timeshare segment to accelerate cash flow through the monetization of certain excess undeveloped land and to offer incentives to accelerate sales of excess built luxury fractional and residential inventory. As the fair values of the undeveloped land and the excess built luxury fractional and residential inventory were less than their respective carrying values, we recorded an inventory impairment charge in 2011 of $256 million to adjust the carrying value of the inventory to its fair value. Additionally, upon the approval of the plan in 2011, we reclassified $57 million of this undeveloped land previously in our development plans from inventory to property and equipment. See Footnote No. 18, “Timeshare Strategy-Impairment Charges,” for additional information. We show the composition of our former Timeshare segment inventory balances as of year-end 2010 in the following table:
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The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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PROPERTY AND EQUIPMENT
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| Property and Equipment | PROPERTY AND EQUIPMENT We show the composition of our property and equipment balances in the following table:
In the following table, we show the composition of our assets recorded under capital leases, which we have included in our property and equipment total balances in the preceding table:
We record property and equipment at cost, including interest and real estate taxes incurred during development and construction. Interest capitalized as a cost of property and equipment totaled $12 million in 2011, $10 million in 2010, and $8 million in 2009. We capitalize the cost of improvements that extend the useful life of property and equipment when incurred. These capitalized costs may include structural costs, equipment, fixtures, floor, and wall coverings. We expense all repair and maintenance costs as incurred. We compute depreciation using the straight-line method over the estimated useful lives of the assets (three to 40 years), and we amortize leasehold improvements over the shorter of the asset life or lease term. Depreciation expense totaled $127 million in 2011, $138 million in 2010, and $151 million in 2009, and included amortization of assets recorded under capital leases. As noted in Footnote No. 6, "Inventory," management approved a plan, on September 8, 2011, for the Timeshare segment to accelerate cash flow through the monetization of certain excess undeveloped land and to offer incentives to accelerate sales of excess built luxury fractional and residential inventory. As the nominal cash flows from the planned land sales and their estimated fair values were less than their carrying values, we recorded an impairment charge in the 2011 third quarter of $68 million to adjust the carrying value of the property and equipment to its fair value. Additionally, upon the approval of the plan, we reclassified $57 million of this undeveloped land previously in our development plans from inventory to property and equipment in 2011. See Footnote No. 18, “Timeshare Strategy-Impairment Charges,” for additional information. In 2010, we determined that we would not be able to fully recover the carrying amount of a capitalized software asset from an existing group of property owners. In accordance with the guidance for the impairment of long-lived assets, we evaluated the asset for recovery and as a result of a negotiated agreement with the property owners, we recorded an impairment charge of $84 million in 2010 to adjust the carrying value of the asset to our estimate of its fair value. We estimated that fair value using an income approach reflecting internally developed Level 3 discounted cash flows that included, among other things, our expectations of future cash flows based on historical experience and projected growth rates, usage estimates and demand trends. The impairment charge impacted the general, administrative, and other expense line in our Income Statement. We did not allocate that charge to any of our segments. In 2010, we decided to pursue the disposition of a golf course and related assets from our former Timeshare segment. In accordance with the guidance for the impairment of long-lived assets, we evaluated the property and related assets for recovery and we recorded an impairment charge of $13 million in 2010 to adjust the carrying value of the assets to our estimate of fair value. We estimated that fair value using an income approach reflecting internally developed Level 3 discounted cash flows based on negotiations with a qualified prospective third-party purchaser of the asset. The impairment charge impacted the general, administrative, and other expense line in our Income Statement, and we allocated the charge to our former Timeshare segment. In 2010, we decided to pursue the disposition of a land parcel. In accordance with the guidance for the impairment of long-lived assets, we evaluated the property for recovery and we recorded an impairment charge of $14 million in 2010 to adjust the carrying value of the property to our estimate of fair value. We estimated that fair value using an income approach reflecting internally developed Level 3 cash flows that included, among other things, our expectations about the eventual disposition of the property based on discussions with potential third-party purchasers. The impairment charge impacted the general, administrative, and other expense line in our Income Statement, and we allocated that charge to our North American Limited-Service segment. |
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- Definition
The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ACQUISITIONS AND DISPOSITIONS
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| Acquisitions and Dispositions | ACQUISITIONS AND DISPOSITIONS 2011 Acquisitions In 2011, we contributed approximately $51 million (€37 million) in cash for the intellectual property and associated 50 percent interests in two new joint ventures formed for the operation, management and development of AC Hotels by Marriott, initially in Europe but eventually in other parts of the world. The hotels will be managed by the joint ventures or franchised at the direction of the joint ventures. As noted in Footnote No. 15, “Contingencies,” we have a right and, in some circumstances, an obligation to acquire the remaining interest in the joint ventures over the next nine years. In 2011, we acquired certain assets and a leasehold on a hotel for an initial payment of $34 million (€25 million) in cash plus fixed annual rent. See Footnote No. 21, “Leases,” for additional information. As noted in Footnote No. 15, “Contingencies,” we also have a right and, in some circumstances, an obligation to acquire the landlord’s interest in the real estate property and attached assets of this hotel for $58 million (€45 million) during the next three years. Late in 2011, we paid cash deposits of $6 million on a property we planned to develop into a hotel. Subsequent to fiscal year-end 2011, we acquired the associated land and a building for $160 million in cash. 2011 Dispositions On November 21, 2011, we completed the spin-off of our timeshare operations and timeshare development business through a special tax-free dividend to our shareholders of all of the issued and outstanding common stock of MVW, our wholly owned subsidiary. We made a pro rata distribution to our shareholders of record as of the close of business on November 10, 2011 of one share of MVW common stock for every ten shares of Marriott common stock. We recognized no gain or loss as a result of the spin-off transaction. Please see Footnote No. 17, "Spin-off" for additional information. In 2011, we completed a bulk sale of land and developed inventory for net cash proceeds of $17 million and recorded a net gain of $2 million, which was included in the results of our former Timeshare segment. In 2011, we sold our 11 percent interest in one hotel, concurrently terminated the associated lease agreement, and entered into a long-term management agreement. Cash proceeds totaled $1 million, and we recognized a $2 million loss. Our sale of the 89 percent interest in 1999 was accounted for under the financing method with proceeds reflected as long-term debt. In conjunction with the sale of the 11 percent interest in 2011, assets decreased by $19 million and liabilities decreased by $17 million. 2010 Acquisitions In 2010, we acquired one land parcel for hotel development and one hotel for cash consideration of $175 million. We also acquired timeshare and fractional units for use in The Ritz-Carlton Destination Club program for cash consideration of $112 million, which included a deposit of $11 million, paid in 2009. 2010 Dispositions In 2010, we sold two limited-service properties, one full-service property, and one land parcel for cash proceeds of $114 million and recorded a net gain of $27 million. We accounted for each of the sales under the full accrual method in accordance with accounting for sales of real estate. We will continue to operate the one full-service property and one of the limited-service properties under management agreements. The one other limited-service property left our system. 2009 Acquisitions and Dispositions We made no significant acquisitions or dispositions in 2009. |
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This element is used to capture disclosure pertaining to acquisitions and dispositions. For acquisitions, description of a business acquisition (or series of individually immaterial business combinations) planned, initiated, or completed during the period, including background, timing, and allocation of acquisition costs. For dispositions, disclosure includes the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain or loss recognized in the income statement and the income statement caption that includes that gain or loss, and the segment in which the disposal group was reported. No definition available.
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GOODWILL AND INTANGIBLE ASSETS
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| Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS The following table details the composition of our other intangible assets:
We capitalize costs incurred to acquire management, franchise, and license agreements that are both direct and incremental. We amortize these costs on a straight-line basis over the initial term of the agreements, ranging from 15 to 30 years. Amortization expense totaled $41 million in 2011, $40 million in 2010, and $34 million in 2009. Our estimated aggregate amortization expense for each of the next five fiscal years is as follows: $41 million for 2012; $37 million for 2013; $36 million for 2014; $36 million for 2015; and $36 million for 2016. The following table details the carrying amount of goodwill:
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The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NOTES RECEIVABLE
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| Notes Receivable | NOTES RECEIVABLE We show the composition of our notes receivable balances (net of reserves and unamortized discounts) in the following table:
We classify notes receivable due within one year as current assets in the caption “Accounts and notes receivable” in our Balance Sheets. We show the composition of our long-term notes receivable balances (net of reserves and unamortized discounts) in the following table:
The following tables show future principal payments (net of reserves and unamortized discounts) as well as interest rates, reserves and unamortized discounts for our securitized and non-securitized notes receivable. Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates
Notes Receivable Reserves
Notes Receivable Unamortized Discounts (1)
Senior, Mezzanine, and Other Loans We reflect interest income associated with “Senior, mezzanine, and other loans” in the “Interest income” caption in our Income Statements. At year-end 2011, our recorded investment in impaired “Senior, mezzanine, and other loans” was $96 million. We had a $78 million notes receivable reserve representing an allowance for credit losses, leaving $18 million of our investment in impaired loans, for which we had no related allowance for credit losses. At year-end 2010, our recorded investment in impaired “Senior, mezzanine, and other loans” was $83 million, and we had a $74 million notes receivable reserve representing an allowance for credit losses, leaving $9 million of our investment in impaired loans, for which we had no related allowance for credit losses. During 2011 and 2010, our average investment in impaired “Senior, mezzanine, and other loans” totaled $89 million and $137 million, respectively. The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for 2009, 2010, and 2011:
As of year-end 2011, past due senior, mezzanine, and other loans totaled $8 million. Loans to Timeshare Owners On November 21, 2011, we transferred all balances related to loans to timeshare owners (both securitized and non-securitized) to MVW as part of the spin-off. See Footnote No. 17, "Spin-off" for additional information. Prior to the spin-off date, we reflected interest income associated with “Loans to timeshare owners” of $143 million, $187 million, and $46 million for 2011, 2010 and 2009, respectively, in our Income Statements in the “Timeshare sales and services” revenue caption. Of the $143 million of interest income we recognized in 2011, $116 million was associated with securitized loans and $27 million was associated with non-securitized loans, compared with $147 million associated with securitized loans and $40 million associated with non-securitized loans in 2010. The interest income we recognized in 2009 related solely to non-securitized loans. The following table summarizes the activity related to our “Loans to timeshare owners” notes receivable reserve for 2009, 2010, and 2011 prior to the spin-off date:
We show our recorded investment in nonaccrual “Loans to timeshare owners” loans at year-end 2010 (which were loans that were 90 days or more past due) as well as our average investment in these loans during 2010 in the following table:
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The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ASSET SECURITIZATIONS
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Dec. 30, 2011
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| Asset Securitizations | ASSET SECURITIZATIONS Prior to the spin-off date (see Footnote No. 17, "Spin-off" for additional information on the spin-off), we periodically securitized, without recourse, through special purpose entities, notes receivable originated by our former Timeshare segment in connection with the sale of timeshare interval and fractional products. We continued to service the notes and transferred all proceeds collected to special purpose entities. We retained servicing agreements and other interests in the notes. The executed transactions typically included minimal cash reserves established at time of securitization, as well as default and delinquency triggers, which we monitored on a monthly basis. See Footnote No. 1, “Summary of Significant Accounting Policies” for information on the impact of our 2010 adoption of the new Transfers of Financial Assets and Consolidation standards on our timeshare note securitizations, including the elimination of residual interests and the accounting for note receivable securitizations as secured borrowings, rather than sales. The following table shows cash flows between us and investors during 2009. In 2010, we consolidated the entities that facilitated our notes receivable securitizations. See Footnote No. 20, “Variable Interest Entities” for discussion of the impact of our involvement with these entities on our financial position, financial performance, and cash flows for 2010 and 2011.
In 2010 and 2009, we securitized notes receivable originated by our Timeshare segment in connection with the sale of timeshare interval and fractional ownership products of $229 million and $446 million, respectively. During 2010, we entered into one note securitization transaction for $229 million. The note securitization was made to a transaction-specific trust that, simultaneously with its purchase of the notes receivable, issued $218 million of the trust’s notes. During 2009, we entered into two note securitization transactions for $284 million and $380 million. The second of these transactions included our reacquisition and securitization of $218 million of notes that were previously securitized in the first transaction. Each note securitization in 2009 was made to a transaction-specific trust that, simultaneously with its purchase of the notes receivable, issued $522 million of the trust’s notes. In connection with the securitization of the notes receivable, we received proceeds, net of costs and reserves, of $215 million in 2010 and $349 million in 2009. We included gains from the sales of timeshare notes receivable totaling $37 million in 2009 in the “Timeshare sales and services” revenue caption in our Income Statement. In 2010, we accounted for the note securitization transaction under the new Transfers of Financial Assets and Consolidation standards. Accordingly, no gain or loss was recorded in conjunction with the 2010 note securitization transaction. |
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The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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LONG-TERM DEBT
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Dec. 30, 2011
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| Long-Term Debt | LONG-TERM DEBT We provide detail on our long-term debt balances in the following table:
On November 21, 2011, all balances related to non-recourse debt associated with securitized notes receivable were transferred to MVW as part of the spin-off. See Footnote No. 17, "Spin-off" for additional information. The non-recourse debt associated with securitized notes receivable, prior to the spin-off, was secured by the related notes receivable. All of our other long-term debt was, and to the extent currently outstanding is, recourse to us but unsecured. Other debt in the preceding table includes capital leases, among other items. We are party to a multicurrency revolving credit agreement (the “Credit Facility”) that provides for $1.75 billion of aggregate borrowings to support general corporate needs, including working capital, capital expenditures, and letters of credit. The Credit Facility expires on June 23, 2016. The availability of the Credit Facility also supports our commercial paper program. Borrowings under the Credit Facility bear interest at LIBOR (the London Interbank Offered Rate) plus a spread, based on our public debt rating. We also pay quarterly fees on the Credit Facility at a rate also based on our public debt rating. While any outstanding commercial paper borrowings and/or borrowings under our Credit Facility generally have short-term maturities, we classify the outstanding borrowings as long-term based on our ability and intent to refinance the outstanding borrowings on a long-term basis. Each of our securitized notes receivable pools (all of which we transferred to MVW on November 21, 2011 in conjunction with the spin-off of our timeshare operations and timeshare development business) contained various triggers relating to the performance of the underlying notes receivable. If a pool of securitized notes receivable failed to perform within the pool’s established parameters (default or delinquency thresholds by deal) transaction provisions effectively redirected the monthly excess spread we typically received from that pool (related to the interests we retained), to accelerate the principal payments to investors based on the subordination of the different tranches until the performance trigger was cured. As a result of performance triggers, a total of $2 million, $6 million, and $17 million in cash of excess spread was used to pay down debt during 2011, 2010, and 2009, respectively. We show future principal payments (net of unamortized discounts) and unamortized discounts for our debt in the following tables: Debt Principal Payments (net of unamortized discounts)
Unamortized Debt Discounts
In 2009, we repurchased $122 million principal amount of our Senior Notes in the open market, across multiple series. We recorded a gain of $21 million for the debt extinguishment representing the difference between the acquired debt’s purchase price of $98 million and its carrying amount of $119 million. The weighted average interest rate on the senior debt that was paid down in 2009 was 6.8 percent. We did not repurchase any of our Senior Notes in 2011 or 2010. We paid cash for interest, net of amounts capitalized, of $130 million in 2011, $148 million in 2010, and $96 million in 2009. |
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The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SELF-INSURANCE RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES
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| Self-Insurance Reserve for Losses and Loss Adjustment Expenses | SELF-INSURANCE RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES The activity in the reserve for losses and loss adjustment expenses is summarized as follows:
The provision for unpaid loss and loss adjustment expenses decreased by $9 million in 2011 and $8 million in 2010 as a result of changes in estimates from insured events of the prior years due to changes in underwriting experience and frequency and severity trends. Our year-end 2011 self-insurance reserve of $330 million consisted of a current portion of $99 million and long-term portion of $231 million. Our year-end 2010 self-insurance reserve of $313 million consisted of a current portion of $98 million and long-term portion of $215 million. |
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Self-Insurance Reserve For Loss and Loss Adjustment Expense No definition available.
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SHAREHOLDERS' EQUITY
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Dec. 30, 2011
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| Shareholders' Equity | SHAREHOLDERS’ EQUITY Eight hundred million shares of our Class A Common Stock, with a par value of $.01 per share, and ten million shares of preferred stock, without par value, are authorized under our restated certificate of incorporation. As of year-end 2011, of those authorized shares 333 million shares of our Class A Common Stock and no shares of our preferred stock were outstanding. Accumulated other comprehensive loss of $48 million at year-end 2011 consisted of losses totaling $35 million associated with currency translation adjustments, losses of $18 million associated with interest rate swap agreement cash flow hedges, unrealized losses on available-for-sale securities of $3 million, and reclassification of losses of $8 million. Accumulated other comprehensive loss of $2 million at year-end 2010 consisted of losses totaling $4 million associated with currency translation adjustments, and gains of $2 million associated with interest rate swap agreement cash flow hedges. |
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The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONTINGENCIES
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Dec. 30, 2011
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| Contingencies | CONTINGENCIES Guarantees We issue guarantees to certain lenders and hotel owners, primarily to obtain long-term management contracts. The guarantees generally have a stated maximum amount of funding and a term of four to ten years. The terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term. The terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of operating profit. Guarantee fundings to lenders and hotel owners are generally recoverable as loans repayable to us out of future hotel cash flows and/or proceeds from the sale of hotels. We also enter into project completion guarantees with certain lenders in conjunction with hotels that we or our joint venture partners are building. We show the maximum potential amount of future fundings for guarantees where we are the primary obligor and the carrying amount of the liability for expected future fundings at year-end 2011 in the following table.
We included our liability for expected future fundings at year-end 2011 in our Balance Sheet as follows: $9 million in the “Other current liabilities” and $50 million in the “Other long-term liabilities.” Our guarantees listed in the preceding table include $11 million of operating profit guarantees and $16 million of debt service guarantees, all of which will not be in effect until either the underlying properties open and we begin to operate the properties or certain other events occur. The guarantees in the preceding table do not include the following:
In addition to the guarantees described in the preceding paragraphs, in conjunction with financing obtained for specific projects or properties owned by joint ventures in which we are a party, we may provide industry standard indemnifications to the lender for loss, liability, or damage occurring as a result of the actions of the other joint venture owner or our own actions. Commitments and Letters of Credit In addition to the guarantees noted in the preceding paragraphs, as of year-end 2011, we had the following commitments outstanding:
At year-end 2011, we had $65 million of letters of credit outstanding ($64 million outside the Credit Facility and $1 million under our Credit Facility), the majority of which related to our self-insurance programs. Surety bonds issued as of year-end 2011, totaled $108 million, the majority of which federal, state and local governments requested in connection with our lodging operations and self-insurance programs. |
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- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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BUSINESS SEGMENTS
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Dec. 30, 2011
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| Business Segments | BUSINESS SEGMENTS We are a diversified hospitality company with operations in four business segments:
In addition, prior to the spin-off, our former Timeshare segment consisted of the timeshare operations and timeshare development business that we transferred to MVW in conjunction with the spin-off. Our former Timeshare segment's historical financial results for periods prior to the spin-off continue to be included in Marriott's historical financial results as a component of continuing operations as reflected in the tables that follow. See Footnote No. 17, "Spin-off" for additional information regarding the spin-off. In 2011, we changed the management reporting structure for properties located in Hawaii. In conjunction with that change, we now report revenues, financial results, assets, and liabilities for properties located in Hawaii in our North American segments rather than in our International segment. In addition, we recognized in our Timeshare segment some management fees we previously recognized in our International segment. For comparability, we have reclassified prior year segment revenues, segment financial results, and segment assets to reflect these changes. These reclassifications only affect our segment reporting, and do not change our total consolidated revenue, operating income, or net income or our total segment revenues or total segment financial results. We evaluate the performance of our segments based primarily on the results of the segment without allocating corporate expenses, income taxes, or indirect general, administrative, and other expenses. With the exception of our former Timeshare segment, we do not allocate interest income or interest expense to our segments. We allocate gains and losses, equity in earnings or losses from our joint ventures, divisional general, administrative, and other expenses, and income or losses attributable to noncontrolling interests to each of our segments. Prior to the spin-off date, we included interest income and interest expense associated with our former Timeshare segment notes in our Timeshare segment results because financing sales and securitization transactions were an integral part of that segment’s business. “Other unallocated corporate” represents that portion of our revenues, general, administrative, and other expenses, equity in earnings or losses, and other gains or losses that we do not allocate to our segments. "Other unallocated corporate" includes license fees we receive from our credit cards and following the spin-off, also includes license fees associated with the timeshare brands. We aggregate the brands presented within our segments considering their similar economic characteristics, types of customers, distribution channels, regulatory business environments and operations within each segment and our organizational and management reporting structure. Revenues
Net Income (Loss) Attributable to Marriott
Net Losses Attributable to Noncontrolling Interests
Equity in Losses of Equity Method Investees
Depreciation and Amortization
Assets
Equity Method Investments
Goodwill
Capital Expenditures
Segment expenses include selling expenses directly related to the operations of the businesses, aggregating $354 million in 2011, $419 million in 2010, and $440 million in 2009. Approximately 82 percent for 2011 (prior to the spin-off date), 85 percent for 2010 and 86 percent for 2009 of the selling expenses are related to our former Timeshare segment. Our Financial Statements include the following related to operations located outside the United States (which are predominately related to our International lodging segment):
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- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SPIN-OFF
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Dec. 30, 2011
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| Spin-off | SPIN-OFF On November 21, 2011, we completed a spin-off of our timeshare operations and timeshare development business through a special tax-free dividend to our shareholders of all of the issued and outstanding common stock of our wholly owned subsidiary MVW. In connection with the spin-off, we entered into several agreements with MVW, and, in some cases, certain of its subsidiaries, that govern our post-spin-off relationship with MVW, including a Separation and Distribution Agreement, two License Agreements for the use of Marriott and Ritz-Carlton marks and intellectual property, an Employee Benefits and Other Employment Matters Allocation Agreement, a Tax Sharing and indemnification Agreement, a Marriott Rewards Affiliation Agreement, and a Non-Competition Agreement. Under license agreements with us, MVW is both the exclusive developer and operator of timeshare, fractional, and related products under the Marriott brand and the exclusive developer of fractional and related products under The Ritz-Carlton brand. MVW filed a Form 10 registration statement with the SEC which, as amended, describes the spin-off and was declared effective on October 27, 2011. As a result of the spin-off, MVW is an independent company whose common shares are listed on the New York Stock Exchange under the symbol "VAC." On the spin-off date, Marriott shareholders of record as of the close of business on November 10, 2011 received one share of MVW common stock for every ten shares of Marriott common stock. Fractional shares of MVW common stock to which Marriott shareholders of record would have otherwise been entitled were aggregated and sold in the open market, and shareholders received cash payments in lieu of those fractional shares. The distribution of shares of MVW common stock did not result in the recognition, for U.S. federal income tax purposes, of income, gain or loss by us or our shareholders, except, in the case of our shareholders, for cash received in lieu of fractional shares. As of the spin-off date, Marriott does not beneficially own any shares of MVW common stock and does not consolidate MVW's financial results for periods after the spin-off date as part of its financial reporting. However, because of Marriott's significant continuing involvement in MVW future operations (by virtue of the license and other agreements between Marriott and MVW), our former Timeshare segment's historical financial results for periods prior to the spin-off date continue to be included in Marriott's historical financial results as a component of continuing operations. Under the license agreements we receive license fees consisting of a fixed annual fee of $50 million plus two percent of the gross sales price paid to MVW for initial developer sales of interests in vacation ownership units and residential real estate units and one percent of the gross sales price paid to MVW for resales of interests in vacation ownership units and residential real estate units, in each case that are identified with or use the Marriott or Ritz-Carlton marks. The license fee also includes a periodic inflation adjustment. Our shareholders' equity decreased by $1,162 million as a result of the spin-off of MVW. We show the components of the decrease, which was primarily noncash and principally comprised of the net book value of the net assets that we contributed to MVW in connection with the spin-off, in the following table:
For 2011, we recognized $34 million of transaction-related expenses associated with the spin-off. While MVW did not complete its typical notes securitization in 2011 prior to the spin-off, we received net proceeds of approximately $122 million prior to the spin-off under a $300 million secured warehouse credit facility that MVW put in place during the third quarter of 2011 to provide short-term financing for receivables originated in connection with the sale of timeshare interests. Also, on October 26, 2011, MVW US Holdings, Inc., a wholly owned subsidiary of MVW, issued $40 million of its cumulative redeemable Series A preferred stock ("Preferred Stock") to Marriott as part of Marriott's internal reorganization completed in preparation for the spin-off. On October 28, 2011, Marriott sold all of the Preferred Stock to third-party investors, resulting in $38 million in net proceeds to Marriott, and when combined with the cash under the MVW warehouse facility, Marriott received a total of approximately $160 million in a cash distribution prior to the completion of the spin-off. This had no impact to Marriott's earnings. |
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- Definition
The disclosure of the spin-off of our timeshare operations and timeshare development business as a new independent company through a special tax-free dividend to shareholders in late 2011. No definition available.
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TIMESHARE STRATEGY-IMPAIRMENT CHARGES
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Dec. 30, 2011
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| Timeshare Strategy-Impairment Charges | TIMESHARE STRATEGY-IMPAIRMENT CHARGES 2011 Charges Prior to the spin-off of our Timeshare segment, management assessed the Timeshare segment's intended use of excess undeveloped land and built inventory and the then current market conditions for those assets. On September 8, 2011, management approved a plan for the Timeshare segment to accelerate cash flow through the monetization of certain excess undeveloped land in the U.S., Mexico, and the Bahamas over the next 18 to 24 months and to accelerate sales of excess built luxury fractional and residential inventory over the next three years. As a result, in accordance with the guidance for accounting for the impairment or disposal of long-lived assets, because the nominal cash flows from the planned land sales and the estimated fair values of the land and excess built luxury inventory were less than their respective carrying values, we recorded a pre-tax non-cash impairment charge of $324 million ($234 million after-tax) in the 2011 third quarter under the “Timeshare strategy-impairment charges” caption of our Income Statement. We estimated the fair value of the land by using recent comparable sales data for the land parcels, which we determined were Level 3 inputs. We estimated the fair value of the excess built luxury fractional and residential inventory using cash flow projections discounted at risk premiums commensurate with the market conditions of the related projects. We used Level 3 inputs for these discounted cash flow analyses and our assumptions included: growth rate and sales pace projections, additional sales incentives such as pricing discounts, and marketing and sales cost estimates. 2009 Charges In response to the difficult business conditions that the Timeshare segment’s timeshare, luxury residential, and luxury fractional real estate development businesses experienced, we evaluated our entire Timeshare portfolio in the 2009 third quarter. In order to adjust the business strategy to reflect current market conditions at that time, we approved plans for our Timeshare segment to take the following actions: (1) for our luxury residential projects, reduce prices, convert certain proposed projects to other uses, sell some undeveloped land, and not pursue further Marriott-funded residential development projects; (2) reduce prices for existing luxury fractional units; (3) continue short-term promotions for our U.S. timeshare business and defer the introduction of new projects and development phases; and (4) for our European timeshare and fractional resorts, continue promotional pricing and marketing incentives and not pursue further development. We designed these plans, which primarily related to luxury residential and fractional resorts, to stimulate sales, accelerate cash flow, and reduce investment spending. Composition of 2011 and 2009 Charges and Other Information As a result of the actions (described in preceding paragraphs) in 2011 and 2009, we recorded the charges shown in the following table in our Income Statements, with charges that impacted operating income under the “Timeshare strategy-impairment charges” caption and charges that impacted non-operating income under the “Timeshare strategy-impairment charges (non-operating)” caption:
Grouped by product type and/or geographic location, the 2011 impairment charges consisted of $203 million associated with undeveloped land parcels in North America associated with five timeshare properties, $113 million associated with nine North American luxury fractional and mixed use properties, $2 million related to one project in our European timeshare business, and $6 million of software previously under development that would not be completed and used under the new strategy. The 2009 impairment charges consisted of $295 million associated with five luxury residential projects, $299 million associated with nine North American luxury fractional projects, $93 million related to one North American timeshare project, $51 million related to the four projects in our European timeshare and fractional business, and $14 million associated with two Asia Pacific timeshare resorts. Additionally, upon the approval of the plan in 2011 to dispose of certain undeveloped land parcels, we reclassified $57 million of these land parcels previously in our development plans from inventory to property and equipment. We also reviewed the remainder of our 2011 Timeshare segment inventory assets prior to the spin-off date and determined that there were no other adjustments needed to their carrying values. Both the 2011 and 2009 impairment charges were non-cash, other than the following 2009 charges: $27 million of charges associated with then projected mezzanine loan fundings and $21 million of charges for purchase commitments. Except for the $40 million loan impairment and the $27 million funding liability recorded in 2009, we allocated the remaining 2009 pretax charges totaling $685 million and the 2011 pretax charges totaling $324 million to our Timeshare segment. For additional information on the 2009 impairment charges, including how we determined these impairments and the inputs we used in calculating fair value, please see Footnote No. 20, “Timeshare Strategy-Impairment Charges,” in the Notes to the Financial Statements of our 2009 Form 10-K. In 2011 and 2010, we reversed (based on facts and circumstances surrounding the project, including progress on certain construction-related legal claims and potential funding of certain costs by one of our partners) $3 million and $11 million, respectively, of the $27 million funding liability we originally recorded in 2009. We recorded the reversals of the funding liability in the equity in (losses) earnings line in our Income Statements, but did not allocate it to any of our segments. We transferred the remaining balance of the funding liability on the spin-off date to MVW as part of the spin-off. |
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- Definition
Disclosure related to the expense recognized during the period to reduce the carrying amount of several Timeshare projects. The impairment charges include inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
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RESTRUCTURING COSTS AND OTHER CHARGES
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Dec. 30, 2011
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| Restructuring Costs and Other Charges | RESTRUCTURING COSTS AND OTHER CHARGES During the latter part of 2008, we experienced a significant decline in demand for hotel rooms worldwide based in part on the failures and near failures of a number of large financial service companies in the fourth quarter of 2008 and the dramatic downturn in the economy. Our capital-intensive Timeshare business was also hurt globally by the downturn in market conditions and particularly the significant deterioration in the credit markets. These declines resulted in reduced management and franchise fees, cancellation of development projects, reduced timeshare contract sales, and anticipated losses under guarantees and loans. In the fourth quarter of 2008, we put company-wide cost-saving measures in place in response to these declines, with individual company segments and corporate departments implementing further cost-saving measures. Upper-level management responsible for the former Timeshare segment, hotel operations, development, and above-property level management of the various corporate departments and brand teams individually led these decentralized management initiatives. As part of the restructuring actions we began in 2008, we initiated further cost-saving measures in 2009 associated with our former Timeshare segment, hotel development, and above-property level management that resulted in additional restructuring costs of $51 million in 2009. We completed this restructuring in 2009 and have not incurred additional expenses in connection with these initiatives. We also recorded $162 million of other charges in 2009. The total cumulative restructuring costs incurred through the end of the restructuring in 2009 totaled $106 million. For information on the 2009 restructuring costs and other charges, see Footnote No. 21, “Restructuring Costs and Other Charges,” in the Notes to the Financial Statements of our 2009 Form 10-K. |
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- Definition
The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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VARIABLE INTEREST ENTITIES
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| Variable Interest Entities | VARIABLE INTEREST ENTITIES In accordance with the applicable accounting guidance for the consolidation of variable interest entities, we analyze our variable interests, including loans, guarantees, and equity investments, to determine if an entity in which we have a variable interest is a variable interest entity. Our analysis includes both quantitative and qualitative reviews. We base our quantitative analysis on the forecasted cash flows of the entity, and our qualitative analysis on our review of the design of the entity, its organizational structure including decision-making ability, and relevant financial agreements. We also use our qualitative analyses to determine if we must consolidate a variable interest entity as its primary beneficiary. Variable interest entities related to our timeshare note securitizations Prior to the spin-off date, we periodically securitized, without recourse, through special purpose entities, notes receivable originated by our Timeshare segment in connection with the sale of timeshare interval and fractional products. These securitizations provided funding for us and transferred the economic risks and substantially all the benefits of the loans to third parties. In a securitization, various classes of debt securities that the special purpose entities issued were generally collateralized by a single tranche of transferred assets, which consisted of timeshare notes receivable. We serviced the notes receivable. With each securitization, we retained a portion of the securities, subordinated tranches, interest-only strips, subordinated interests in accrued interest and fees on the securitized receivables or, in some cases, overcollateralization and cash reserve accounts. As a result of our involvement with these entities in 2011 prior to the spin-off date, we recognized $116 million of interest income, partially offset by $39 million of interest expense to investors and $3 million in debt issuance cost amortization. Similarly for 2010, we recognized $147 million of interest income, partially offset by $51 million of interest expense to investors, and $4 million in debt issuance cost amortization. We show our cash flows to and from the timeshare notes securitization variable interest entities in the following table for 2011 prior to the spin-off date and for 2010:
Under the terms of our timeshare note securitizations, we had the right at our option to repurchase defaulted mortgage notes at the outstanding principal balance. The transaction documents typically limited such repurchases to 10 to 20 percent of the transaction’s initial mortgage balance. We made voluntary repurchases of defaulted notes of $43 million during 2011, $68 million during 2010, and $81 million during 2009. We also made voluntary repurchases of $21 million and $25 million of other non-defaulted notes during 2011 and 2010, respectively. Other variable interest entities In conjunction with the transaction with CTF described more fully in Footnote No. 8, “Acquisitions and Dispositions,” of our Annual Report on Form 10-K for 2007, under the caption “2005 Acquisitions,” we manage hotels on behalf of tenant entities 100 percent owned by CTF, which lease the hotels from third-party owners. Due to certain provisions in the management agreements, we account for these contracts as operating leases. At the end of 2011, we managed eight hotels on behalf of three tenant entities. The entities have minimal equity and minimal assets comprised of hotel working capital and furniture, fixtures, and equipment. In conjunction with the 2005 transaction, CTF had placed money in a trust account to cover cash flow shortfalls and to meet rent payments. In turn, we released CTF from its guarantees fully in connection with five of these properties and partially in connection with the other three properties. As of year-end 2011, the trust account had been fully depleted. The tenant entities are variable interest entities because the holder of the equity investment at risk, CTF, lacks the ability through voting rights to make key decisions about the entities’ activities that have a significant effect on the success of the entities. We do not consolidate the entities because we do not have: (1) the power to direct the activities that most significantly impact the entities' economic performance or (2) the obligation to absorb losses of the entities or the right to receive benefits from the entities that could potentially be significant. We are liable for rent payments for five of the eight hotels if there are cash flow shortfalls. Future minimum lease payments through the end of the lease term for these hotels totaled approximately $20 million at year-end 2011. In addition, as of year-end 2011 we are liable for rent payments of up to an aggregate cap of $11 million for the three other hotels if there are cash flow shortfalls. Our maximum exposure to loss is limited to the rent payments and certain other tenant obligations under the lease, for which we are secondarily liable. |
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Disclosure of variable interest entities (VIE), including, but not limited to the nature, purpose, size, and activities of the VIE, the carrying amount and classification of consolidated assets that are collateral for the VIE's obligations, lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary. An enterprise that holds a significant variable interest in a VIE but is not the primary beneficiary may disclose the nature of its involvement with the VIE and when that involvement began, the nature, purpose, size, and activities of the VIE and the enterprise's maximum exposure to loss as a result of its involvement with the VIE. No definition available.
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LEASES
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| Leases | LEASES We have summarized our future obligations under operating leases at year-end 2011, below:
Most leases have initial terms of up to 20 years and contain one or more renewal options, generally for five- or 10-year periods. These leases provide for minimum rentals and additional rentals based on our operations of the leased property. The total minimum lease payments above include $266 million, representing obligations of consolidated subsidiaries that are non-recourse to us. The foregoing table does not reflect the following $31 million in aggregate minimum lease payments relating to the CTF leases further discussed in Footnote No. 20, “Variable Interest Entities,” $12 million in 2012; $11 million in 2013; and $8 million in 2014. The following table details the composition of rent expense associated with operating leases for the last three years:
We have summarized our future obligations under capital leases at year-end 2011 in the following table:
The “Long-term debt” caption in the accompanying Balance Sheets includes $64 million for year-end 2011 and $6 million for year-end 2010 that represents the present value of net minimum lease payments associated with capital leases. |
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The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RELATED PARTY TRANSACTIONS
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| Related Party Transactions | RELATED PARTY TRANSACTIONS Equity Method Investments We have equity method investments in entities that own properties for which we provide management and/or franchise services and receive fees. In addition, in some cases we provide loans, preferred equity or guarantees to these entities. We generally own between 10 and 49 percent of these equity method investments. Undistributed earnings attributable to our equity method investments represented approximately $4 million of our consolidated retained earnings at year-end 2011. The following tables present financial data resulting from transactions with these related parties: Income Statement Data
Balance Sheet Data
Summarized information for the entities in which we have equity method investments is as follows: Income Statement Data
Balance Sheet Summary
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The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RELATIONSHIP WITH MAJOR CUSTOMER
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| Relationship With Major Customer | RELATIONSHIP WITH MAJOR CUSTOMER At year-end 2011 and 2010, Host Hotels & Resorts, Inc., formerly known as Host Marriott Corporation, and its affiliates (“Host”) owned or leased 127 and 146 lodging properties that we operated under long-term agreements, respectively. We recognized the following revenues (which are included in our North American Full-Service, North American Limited-Service, Luxury, and International segments) from lodging properties owned or leased over the last three years: $2,207 million in 2011, $2,036 million in 2010, and $2,096 million in 2009. Host is also a partner in certain unconsolidated partnerships that own lodging properties that we operate under long-term agreements. As of year-end 2011 and 2010, Host was affiliated with five such properties. We recognized the following revenues (which are included in our North American Full-Service, Luxury, and International segments) from lodging properties associated with Host partnerships over the last three years: $106 million in 2011, $112 million in 2010, and $104 million in 2009. |
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This element may be used to capture the complete disclosure about the extent of the entity's reliance on its major customers. If revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, the entity must disclose that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. No definition available.
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
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| Basis of Presentation | Basis of Presentation The consolidated financial statements present the results of operations, financial position, and cash flows of Marriott International, Inc. (“Marriott,” and together with its subsidiaries “we,” “us,” or the “Company”). In order to make this report easier to read, we refer throughout to (i) our Consolidated Financial Statements as our “Financial Statements,” (ii) our Consolidated Statements of Income as our “Income Statements,” (iii) our Consolidated Balance Sheets as our “Balance Sheets,” (iv) our properties, brands, or markets in the United States and Canada as “North America” or “North American,” (v) our properties, brands, or markets outside of the United States and Canada as “international,” and (vi) Accounting Standards Update No. 2009-16, “Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets” (“ASU No. 2009-16”) and Accounting Standards Update No. 2009-17, “Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities” (“ASU No. 2009-17”) both of which we adopted on the first day of 2010 as the “new Transfers of Financial Assets and Consolidation standards.” On November 21, 2011 ("the spin-off date"), the Company completed a spin-off of its timeshare operations and timeshare development business through a special tax-free dividend to our shareholders of all of the issued and outstanding common stock of our wholly owned subsidiary Marriott Vacations Worldwide Corporation ("MVW"). On the spin-off date, Marriott shareholders of record as of the close of business on November 10, 2011 received one share of MVW common stock for every ten shares of Marriott common stock. As of the spin-off date, Marriott does not beneficially own any shares of MVW common stock and does not consolidate MVW's financial results for periods after the spin-off date as part of its financial reporting. However, because of Marriott's significant continuing involvement in MVW future operations (by virtue of license and other agreements between Marriott and MVW), our former Timeshare segment's historical financial results prior to the spin-off date will continue to be included in Marriott's historical financial results as a component of continuing operations. See Footnote No. 17, "Spin-off," for additional information on the spin-off. In accordance with the guidance for noncontrolling interests in consolidated financial statements, references in this report to our earnings per share, net income, and shareholders’ equity attributable to Marriott do not include noncontrolling interests (previously known as minority interests), which we report separately. Preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods, and the disclosures of contingent liabilities. Accordingly, ultimate results could differ from those estimates. In our opinion, the accompanying consolidated financial statements reflect all normal and recurring adjustments necessary to present fairly our financial position at fiscal year-end 2011 and fiscal year-end 2010 and the results of our operations and cash flows for fiscal years 2011, 2010, and 2009. We have eliminated all material intercompany transactions and balances between entities consolidated in these financial statements. We have also reclassified certain prior year amounts to conform to our 2011 presentation. See Footnote No. 16, “Business Segments,” for additional information on the reclassification of segment revenues, segment financial results, and segment assets to reflect movement of data associated with properties in Hawaii to our North American segments from our International segment. |
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| Adoption of New Accounting Standards Resulting in Consolidation of Special Purpose Entities | Adoption of New Accounting Standards Resulting in Consolidation of Special Purpose Entities On January 2, 2010, the first day of the 2010 fiscal year, we adopted the new Transfers of Financial Assets and Consolidation standards (which were originally known as Financial Accounting Standards Nos. 166 and 167). Prior to the spin-off date, our former Timeshare segment used certain special purpose entities to securitize Timeshare segment notes receivables, which prior to our adoption of these new standards we treated as off-balance sheet entities. Our former Timeshare segment retained the servicing rights and varying subordinated interests in the securitized notes. Pursuant to GAAP in effect prior to the 2010 fiscal year, we did not consolidate these special purpose entities in our financial statements because the securitization transactions qualified as sales of financial assets. As a result of adopting the new Transfers of Financial Assets and Consolidation standards on the first day of 2010, we consolidated 13 existing qualifying special purpose entities associated with past securitization transactions. We recorded a one-time non-cash pretax reduction to shareholders’ equity of $238 million in 2010, representing the cumulative effect of a change in accounting principle. Including the related $92 million decrease in deferred tax liabilities, the after-tax reduction to shareholders’ equity totaled $146 million. We recorded the cumulative effect of the adoption of these standards to our financial statements in 2010. This consisted primarily of reestablishing the notes receivable (net of reserves) that we had transferred to special purpose entities as a result of the securitization transactions, eliminating residual interests that we initially recorded in connection with those transactions (and subsequently revalued on a periodic basis), the impact of recording debt obligations associated with third-party interests held in the special purpose entities, and related adjustments to inventory balances accounted for using the relative sales value method. We adjusted the inventory balance to include anticipated future revenue from the resale of inventory that we expected to acquire when we foreclosed on defaulted notes. Adopting these topics had the following impacts on our Balance Sheet at January 2, 2010: (1) assets increased by $970 million, primarily representing the consolidation of notes receivable (and corresponding reserves) partially offset by the elimination of our retained interests; (2) liabilities increased by $1,116 million, primarily representing the consolidation of debt obligations associated with third party interests; and (3) shareholders’ equity decreased by approximately $146 million. Adopting these topics also impacted our 2010 Income Statement by increasing interest income (reflected in Timeshare sales and services revenue) from securitized notes and increasing interest expense from consolidation of debt obligations, partially offset by the absence of accretion income on residual interests that were eliminated. Our adoption of these topics on January 2, 2010 did not have a significant impact on our Consolidated Statement of Cash Flow because the resulting increase in assets and liabilities was primarily non-cash. Please also see the 2010 parenthetical disclosures on our Balance Sheet that show the amounts of consolidated assets and liabilities associated with variable interest entities (including those associated with our former Timeshare segment securitizations) that we consolidated. |
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| Fiscal Year | Fiscal Year Our fiscal year ends on the Friday nearest to December 31. The fiscal years in the following table encompass a 52-week period, except for 2002 and 2008, which both encompass a 53-week period. Unless otherwise specified, each reference to a particular year in this Form 10-K means the fiscal year ended on the date shown in the following table, rather than the corresponding calendar year:
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| Revenue Recognition | Revenue Recognition Our revenues include: (1) base management and incentive management fees; (2) franchise fees (including licensing fees from MVW after the spin-off of $4 million for 2011); (3) revenues from lodging properties owned or leased by us; and (4) cost reimbursements. Management fees comprise a base fee, which is a percentage of the revenues of hotels, and an incentive fee, which is generally based on hotel profitability. Franchise fees comprise initial application fees and continuing royalties generated from our franchise programs, which permit the hotel owners and operators to use certain of our brand names. Cost reimbursements include direct and indirect costs that are reimbursed to us by properties that we manage or franchise. For periods prior to the spin-off date, our revenues also include timeshare sales and services revenue (which also includes resort rental revenue, interest income associated with “Loans to timeshare owners,” Timeshare segment note securitization gains, and revenue from the points-based use system) and cost reimbursements revenue associated with our former Timeshare segment. Base Management and Incentive Management Fees: We recognize base management fees as revenue when earned in accordance with the contract. In interim periods and at year-end, we recognize incentive management fees that would be due as if the contract were to terminate at that date, exclusive of any termination fees payable or receivable by us. Franchise Fee and License Fee Revenue: We recognize franchise fees and license fees as revenue in each accounting period as fees are earned from the franchisee or licensee. Owned and Leased Units: We recognize room sales and revenues from other guest services for our owned and leased units when rooms are occupied and services have been rendered. Cost Reimbursements: We recognize cost reimbursements from managed, franchised, and timeshare properties (for periods prior to the spin-off date) when we incur the related reimbursable costs. Other Revenue: Includes other third-party licensing fees, branding fees for third party residential sales and credit card licensing, land rental income, and other revenue. Timeshare and Fractional Intervals and Condominiums: Prior to the spin-off date, we recognized sales when: (1) we had received a minimum of ten percent of the purchase price; (2) the purchaser’s period to cancel for a refund had expired; (3) we deemed the receivables to be collectible; and (4) we had attained certain minimum sales and construction levels. We deferred all revenue using the deposit method for sales that did not meet all four of these criteria. For sales that did not qualify for full revenue recognition as the project had progressed beyond the preliminary stages but had not yet reached completion, all revenue and profit were deferred and recognized in earnings using the percentage of completion method. Timeshare segment deferred revenue at year-end 2010 was $56 million. The 2011 balance was transferred to MVW at the time of spin-off. See Footnote No. 17, "Spin-off" for additional information. Timeshare Points-Based Use System Revenue: Prior to the spin-off date, as sales under this points-based use system were considered to be the sale of real estate, we recognized these sales when the criteria noted in the “Timeshare and Fractional Intervals and Condominiums” caption were met. Timeshare Residential (Stand-Alone Structures): Prior to the spin-off date, we recognized sales under the full accrual method of accounting when we received our proceeds and transferred title at settlement. |
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| Ground Leases | Ground Leases We are both the lessor and lessee of land under long-term operating leases, which include scheduled increases in minimum rents. We recognize these scheduled rent increases on a straight-line basis over the initial lease term. |
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| Real Estate Sales | Real Estate Sales We reduce gains on sales of real estate by the maximum exposure to loss if we have continuing involvement with the property and do not transfer substantially all of the risks and rewards of ownership. In sales transactions where we retain a management contract, the terms and conditions of the management contract are generally comparable to the terms and conditions of the management contracts obtained directly with third-party owners in competitive bid processes. |
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| Profit Sharing Plan | Profit Sharing Plan We contribute to a profit sharing plan for the benefit of employees meeting certain eligibility requirements and electing participation in the plan. Contributions are determined based on a specified percentage of salary deferrals by participating employees. We recognized compensation costs from profit sharing of $91 million in 2011, $86 million in 2010, and $94 million in 2009. |
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| Self-Insurance Programs | Self-Insurance Programs We are self-insured for certain levels of property, liability, workers’ compensation and employee medical coverage. We accrue estimated costs of these self-insurance programs at the present value of projected settlements for known and incurred but not reported claims. We use a discount rate of 2.0 percent to determine the present value of the projected settlements, which we consider to be reasonable given our history of settled claims, including payment patterns and the fixed nature of the individual settlements. We are subject to a variety of assessments related to our insurance activities, including those by state guaranty funds and workers’ compensation second-injury funds. Our liabilities recorded for assessments are reflected within the amounts shown in our Balance Sheets on the other current liabilities line, are not discounted, and totaled $4 million at year-end 2011 and $5 million at year-end 2010. The $4 million liability for assessments as of year-end 2011 is expected to be paid by the end of 2012. |
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| Our Rewards Programs | Our Rewards Programs Marriott Rewards and The Ritz-Carlton Rewards are our frequent guest loyalty programs. Program members earn points based on their monetary spending at our lodging operations, purchases of timeshare interval, fractional ownership, and residential products (through MVW for periods after the spin-off date) and, to a lesser degree, through participation in affiliated partners’ programs, such as those offered by car rental, and credit card companies. Points, which we track on members’ behalf, can be redeemed for stays at most of our lodging operations, airline tickets, airline frequent flyer program miles, rental cars, and a variety of other awards; however, points cannot be redeemed for cash. We provide Marriott Rewards and The Ritz-Carlton Rewards as marketing programs to participating properties, with the objective of operating the programs on a break-even basis to us. As members earn points at properties and other program partners, we sell the points for amounts that we expect will, in the aggregate, equal the costs of point redemptions and program operating costs over time. We defer revenue received from managed, franchised, and Marriott-owned/leased hotels and program partners equal to the fair value of our future redemption obligation. We determine the fair value of the future redemption obligation based on statistical formulas that project timing of future point redemption based on historical levels, including an estimate of the “breakage” for points that will never be redeemed, and an estimate of the points that will eventually be redeemed. These judgment factors determine the required liability for outstanding points. Our rewards programs’ liability totaled $1,948 million and $1,799 million at year-end 2011 and 2010, respectively. A ten percent reduction in the estimate of “breakage” would have resulted in an estimated $101 million increase in the liability at year-end 2011. Our management and franchise agreements require that we be reimbursed currently for the costs of operating the program, including marketing, promotion, communication with, and performing member services for rewards program members. Due to the requirement that properties reimburse us for program operating costs as incurred, we recognize the related cost reimbursements revenues from properties in connection with our rewards programs at the time such costs are incurred and expensed. We recognize the component of revenue from program partners that corresponds to program maintenance services over the expected life of the points awarded. Upon the redemption of points, we recognize as revenue the amounts previously deferred and recognize the corresponding expense relating to the costs of the awards redeemed. |
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| Guarantees | Guarantees We record a liability for the fair value of a guarantee on the date we issue or modify a guarantee. The offsetting entry depends on the circumstances in which the guarantee was issued. Funding under the guarantee reduces the recorded liability. When no funding is forecasted, the liability is amortized into income on a straight-line basis over the remaining term of the guarantee. On a quarterly basis, we evaluate all material estimated liabilities based on the operating results and the terms of the guarantee. If we conclude that it is probable that we will be required to fund a greater amount than previously estimated, we will record a loss unless the advance would be recoverable in the form of a loan. |
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| Rebates and Allowances | Rebates and Allowances We participate in various vendor rebate and allowance arrangements as a manager of hotel properties. There are three types of programs that are common in the hotel industry that are sometimes referred to as “rebates” or “allowances,” including unrestricted rebates, marketing (restricted) rebates, and sponsorships. The primary business purpose of these arrangements is to secure favorable pricing for our hotel owners for various products and services or enhance resources for promotional campaigns co-sponsored by certain vendors. More specifically, unrestricted rebates are funds returned to the buyer, generally based upon volumes or quantities of goods purchased. Marketing (restricted) allowances are funds allocated by vendor agreements for certain marketing or other joint promotional initiatives. Sponsorships are funds paid by vendors, generally used by the vendor to gain exposure at meetings and events, which are accounted for as a reduction of the cost of the event. We account for rebates and allowances as adjustments of the prices of the vendors’ products and services. We show vendor costs and the reimbursement of those costs to us as reimbursed costs and cost reimbursements revenue, respectively; therefore, rebates are reflected as a reduction of these line items. |
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| Cash and Equivalents | Cash and Equivalents We consider all highly liquid investments with an initial maturity of three months or less at date of purchase to be cash equivalents. |
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| Restricted Cash | Restricted Cash Restricted cash in our Balance Sheets at year-end 2011 and year-end 2010 is recorded as zero and $55 million, respectively, in the “Other current assets” line and $16 million and $30 million, respectively, in the “Other long-term assets” line. Restricted cash primarily consists of cash held internationally that we have not repatriated due to statutory, tax and currency risks. |
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| Assets Held for Sale | Assets Held for Sale We consider properties (other than Timeshare segment interval, fractional ownership, and residential products, which we classified as inventory prior to the spin-off date) to be assets held for sale when all of the following criteria are met:
Upon designation as an asset held for sale, we record the carrying value of each property at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and we cease depreciation. At year-end 2011 and 2010, we had no assets held for sale and no liabilities related to assets held for sale. |
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| Loan Loss Reserves - Senior, Mezzanine, and Other Loans | To measure impairment, we calculate the present value of expected future cash flows discounted at the loan’s original effective interest rate or the estimated fair value of the collateral. If the present value or the estimated collateral is less than the carrying value of the loan receivable, we establish a specific impairment reserve for the difference. Loan Loss Reserves Senior, Mezzanine, and Other Loans We sometimes make loans to owners of hotels that we operate or franchise, typically to facilitate the development of a hotel and sometimes to facilitate brand programs or initiatives. We expect the owners to repay the loans in accordance with the loan agreements, or earlier as the hotels mature and capital markets permit. We use metrics such as loan-to-value ratios, debt service coverage, collateral, etc., to assess the credit quality of the loan receivable upon entering into the loan agreement and on an ongoing basis as applicable. On a regular basis, we individually assess all of these loans for impairment. Internally generated cash flow projections are used to determine if the loans are expected to be repaid in accordance with the terms of the loan agreements. |
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| Notes Receivable Interest Accrual, Senior, Mezzannine and Other Loans | If it is probable that a loan will not be repaid in accordance with the loan agreement, we consider the loan impaired and begin recognizing interest income on a cash basis. |
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| Loan Loss Reserves - Loans to Timeshare Owners | Loans to Timeshare Owners Prior to the spin-off date, we recorded an estimate of expected uncollectibility on all notes receivable from timeshare purchasers as a reduction of revenue at the time we recognized profit on a timeshare sale. We fully reserved all defaulted notes in addition to recording a reserve on the estimated uncollectible portion of the remaining notes. For those notes not in default, we assessed collectibility based on pools of receivables because we held large numbers of homogeneous timeshare notes receivable. We estimated uncollectibles for the pool based on historical activity for similar timeshare notes receivable. We wrote off uncollectible notes against the reserve once we received title through the foreclosure or deed-in-lieu process. On November 21, 2011, we transferred all balances related to loans to timeshare owners (both securitized and non-securitized) to MVW as part of the spin-off. For additional information on our notes receivable, including information on the related reserves, see Footnote No. 10, “Notes Receivable.” |
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| Valuation of Goodwill | Valuation of Goodwill We assess goodwill for potential impairments at the end of each fiscal year, or during the year if an event or other circumstance indicates that we may not be able to recover the carrying amount of the asset. In evaluating goodwill for impairment, we first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. If we conclude that it is not more likely than not that the fair value of a reporting unit is less than its carrying value, then no further testing of the goodwill assigned to the reporting unit is required. However, if we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then we perform a two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment to be recognized, if any. In the first step of the review process, we compare the estimated fair value of the reporting unit with its carrying value. If the estimated fair value of the reporting unit exceeds its carrying amount, no further analysis is needed. If the estimated fair value of the reporting unit is less than its carrying amount, we proceed to the second step of the review process to calculate the implied fair value of the reporting unit goodwill in order to determine whether any impairment is required. We calculate the implied fair value of the reporting unit goodwill by allocating the estimated fair value of the reporting unit to all of the assets and liabilities of the reporting unit as if the reporting unit had been acquired in a business combination. If the carrying value of the reporting unit’s goodwill exceeds the implied fair value of the goodwill, we recognize an impairment loss for that excess amount. In allocating the estimated fair value of the reporting unit to all of the assets and liabilities of the reporting unit, we use industry and market data, as well as knowledge of the industry and our past experiences. We base our calculation of the estimated fair value of a reporting unit on the income approach. For the income approach, we use internally developed discounted cash flow models that include, among others, the following assumptions: projections of revenues and expenses and related cash flows based on assumed long-term growth rates and demand trends; expected future investments to grow new units; and estimated discount rates. We base these assumptions on our historical data and experience, third-party appraisals, industry projections, micro and macro general economic condition projections, and our expectations. We have had no goodwill impairment charges for the last three fiscal years, and as of the date of each of the most recent detailed tests, the estimated fair value of each of our reporting units exceeded its’ respective carrying amount by more than 100 percent based on our models and assumptions. For additional information related to goodwill, including the amounts of goodwill by segment, see Footnote No. 16, “Business Segments.” |
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| Investments | Investments We consolidate entities that we control. We account for investments in joint ventures using the equity method of accounting when we exercise significant influence over the venture. If we do not exercise significant influence, we account for the investment using the cost method of accounting. We account for investments in limited partnerships and limited liability companies using the equity method of accounting when we own more than a minimal investment. Our ownership interest in these equity method investments varies generally from 10 percent to 49 percent. The fair value of our available-for-sale securities totaled $50 million and $18 million at year-end 2011 and year-end 2010, respectively. The amount of net losses reclassified out of accumulated other comprehensive income as a result of an other-than-temporary impairment of available-for-sale securities totaled $18 million and zero for 2011 and 2010, respectively. The amount of net losses reclassified out of accumulated other comprehensive income as a result of the sale of available-for-sale securities totaled zero for both 2011 and 2010. We determined the cost basis of the securities sold using specific identification. |
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| Valuation of Intangibles and Long-Lived Assets | Valuation of Intangibles and Long-Lived Assets We test intangibles and long-lived asset groups for recoverability when changes in circumstances indicate the carrying value may not be recoverable, for example, when there are material adverse changes in projected revenues or expenses, significant underperformance relative to historical or projected operating results, and significant negative industry or economic trends. We also perform a test for recoverability when management has committed to a plan to sell or otherwise dispose of an asset group and the plan is expected to be completed within a year. We evaluate recoverability of an asset group by comparing its carrying value to the future net undiscounted cash flows that we expect will be generated by the asset group. If the comparison indicates that the carrying value of an asset group is not recoverable, we recognize an impairment loss for the excess of carrying value over the estimated fair value. When we recognize an impairment loss for assets to be held and used, we depreciate the adjusted carrying amount of those assets over their remaining useful life. We base our calculations of the estimated fair value of an intangible asset or asset group on the income approach or the market approach. The assumptions and methodology we utilize for the income approach are the same as those described in the “Valuation of Goodwill” caption. For the market approach, we use internal analyses based primarily on market comparables and assumptions about market capitalization rates, growth rates, and inflation. For information on impairment losses that we recorded in 2011 and 2009 associated with intangibles and long-lived assets, see Footnote No. 18, “Timeshare Strategy-Impairment Charges” and Footnote No. 19, “Restructuring Costs and Other Charges” of the Notes to the Financial Statements of this Form 10-K. For information on impairment losses that we recorded in 2010 associated with long-lived assets, see Footnote No. 7, “Property and Equipment” of the Notes to the Financial Statements of this Form 10-K. |
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| Valuation of Investments in Ventures | Valuation of Investments in Ventures We sometimes hold a minority equity interest in ventures established to develop or acquire and own hotel properties and prior to the spin-off date held a minority interest in ventures established to develop timeshare interval, fractional ownership and residential properties. These ventures are generally limited liability companies or limited partnerships, and our equity interest in these ventures generally ranges from 10 percent to 49 percent. We evaluate an investment in a venture for impairment when circumstances indicate that the carrying value may not be recoverable, for example due to loan defaults, significant under performance relative to historical or projected operating performance, and significant negative industry or economic trends. We impair investments accounted for using the equity and cost methods of accounting when we determine that there has been an “other than temporary” decline in the estimated fair value as compared to the carrying value, of the venture. Additionally, a commitment to a plan to sell some or all of the assets in a venture could cause a recoverability evaluation for the individual long-lived assets in the venture and possibly the venture itself. We calculate the estimated fair value of an investment in a venture using either a market approach or an income approach. The assumptions and methodology we utilize for the income approach are the same as those described in the “Valuation of Goodwill” caption. For the market approach, we use internal analyses based primarily on market comparables and assumptions about market capitalization rates, growth rates, and inflation. For information regarding impairment losses that we recorded in 2009 associated with investments in ventures, see Footnote No. 18, “Timeshare Strategy-Impairment Charges” and Footnote No. 19, “Restructuring Costs and Other Charges” of the Notes to the Financial Statements of this Form 10-K. |
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| Fair Value Measurements | Fair Value Measurements We have various financial instruments we must measure at fair value on a recurring basis, including certain marketable securities and derivatives. See Footnote No. 4, “Fair Value of Financial Instruments,” for further information. We also apply the provisions of fair value measurement to various non-recurring measurements for our financial and non-financial assets and liabilities. Applicable accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). We measure our assets and liabilities using inputs from the following three levels of the fair value hierarchy: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 includes unobservable inputs that reflect our assumptions about what factors market participants would use in pricing the asset or liability. We develop these inputs based on the best information available, including our own data. |
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| Derivative Instruments | Derivative Instruments The designation of a derivative instrument as a hedge and its ability to meet the hedge accounting criteria determine how we reflect the change in fair value of the derivative instrument in our Financial Statements. A derivative qualifies for hedge accounting if, at inception, we expect the derivative to be highly effective in offsetting the underlying hedged cash flows or fair value and we fulfill the hedge documentation standards at the time we enter into the derivative contract. We designate a hedge as a cash flow hedge, fair value hedge, or a net investment in non-U.S. operations hedge based on the exposure we are hedging. The asset or liability value of the derivative will change in tandem with its fair value. For the effective portion of qualifying hedges, we record changes in fair value in other comprehensive income (“OCI”). We release the derivative’s gain or loss from OCI to match the timing of the underlying hedged items’ effect on earnings. We review the effectiveness of our hedging instruments on a quarterly basis, recognize current period hedge ineffectiveness immediately in earnings, and discontinue hedge accounting for any hedge that we no longer consider to be highly effective. We recognize changes in fair value for derivatives not designated as hedges or those not qualifying for hedge accounting in current period earnings. Upon termination of cash flow hedges, we release gains and losses from OCI based on the timing of the underlying cash flows or revenue recognized, unless the termination results from the failure of the intended transaction to occur in the expected timeframe. Such untimely transactions require us to immediately recognize in earnings, gains and losses that we previously recorded in OCI. Changes in interest rates, currency exchange rates, and equity securities expose us to market risk. We manage our exposure to these risks by monitoring available financing alternatives, as well as through development and application of credit granting policies. We also use derivative instruments, including cash flow hedges, net investment in non-U.S. operations hedges, fair value hedges, and other derivative instruments, as part of our overall strategy to manage our exposure to market risks. As a matter of policy, we only enter into transactions that we believe will be highly effective at offsetting the underlying risk, and we do not use derivatives for trading or speculative purposes. See Footnote No. 4, “Fair Value of Financial Instruments,” for additional information. |
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| Non-U.S. Operations | Non-U.S. Operations The U.S. dollar is the functional currency of our consolidated and unconsolidated entities operating in the United States. The functional currency for our consolidated and unconsolidated entities operating outside of the United States is generally the currency of the primary economic environment in which the entity primarily generates and expends cash. For consolidated entities whose functional currency is not the U.S. dollar, we translate their financial statements into U.S. dollars, and we do the same, as needed, for unconsolidated entities whose functional currency is not the U.S. dollar. We translate assets and liabilities at the exchange rate in effect as of the financial statement date, and translate income statement accounts using the weighted average exchange rate for the period. We include translation adjustments from currency exchange and the effect of exchange rate changes on intercompany transactions of a long-term investment nature as a separate component of shareholders’ equity. We report gains and losses from currency exchange rate changes related to intercompany receivables and payables that are not of a long-term investment nature, as well as gains and losses from non-U.S. currency transactions, currently in operating costs and expenses, and those amounted to a loss of $7 million in 2011, a loss of $7 million in 2010, and a loss of less than $1 million in 2009. Gains and other income for 2011 included $2 million attributable to currency translation adjustment gains, net of losses, from the sale or complete or substantially complete liquidation of investments. Gains and other income for 2010 included $2 million attributable to currency translation adjustment losses, net of gains, from the sale or complete or substantially complete liquidation of investments. There were no similar gains or losses in 2009. |
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| Legal Contingencies | Legal Contingencies We are subject to various legal proceedings and claims, the outcomes of which are subject to significant uncertainty. We record an accrual for legal contingencies when we determine that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In making such determinations we evaluate, among other things, the degree of probability of an unfavorable outcome and, when it is probable that a liability has been incurred, our ability to make a reasonable estimate of the loss. We review these accruals each reporting period and make revisions based on changes in facts and circumstances. |
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| Income Taxes | Income Taxes We record the amounts of taxes payable or refundable for the current year, as well as deferred tax liabilities and assets for the future tax consequences of events that we have recognized in our financial statements or tax returns. We use judgment in assessing future profitability and the likely future tax consequences of events that we have recognized in our financial statements or tax returns. We base our estimates of deferred tax assets and liabilities on current tax laws, rates and interpretations, and, in certain cases, business plans and other expectations about future outcomes. We develop our estimates of future profitability based on our historical data and experience, industry projections, micro and macro general economic condition projections, and our expectations. Changes in existing tax laws and rates, their related interpretations, as well as the uncertainty generated by the current economic environment may affect the amounts of deferred tax liabilities or the valuations of deferred tax assets over time. Our accounting for deferred tax consequences represents management’s best estimate of future events that can be appropriately reflected in the accounting estimates. For tax positions we have taken or expect to take in a tax return, we apply a more likely than not threshold, under which we must conclude a tax position is more likely than not to be sustained, assuming that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information, in order to continue to recognize the benefit. In determining our provision for income taxes, we use judgment, reflecting our estimates and assumptions, in applying the more likely than not threshold. For information about income taxes and deferred tax assets and liabilities, see Footnote No. 2, “Income Taxes.” |
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| Accounting Standards Update No. 2010-06 Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements (ASU No. 2010-06) | New Accounting Standards Accounting Standards Update No. 2010-06 – "Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements" (“ASU No. 2010-06”) Certain provisions of ASU No. 2010-06 became effective during our 2011 first quarter. Those provisions, which amended Subtopic 820-10, require us to present as separate line items all purchases, sales, issuances, and settlements of financial instruments valued using significant unobservable inputs (Level 3) in the reconciliation of fair value measurements, in contrast to the previous aggregate presentation as a single line item. The adoption did not have a material impact on our financial statements or disclosures. |
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| Description Of New Accounting Pronouncements Adopted, Intangibles | Accounting Standards Update No. 2011-08 – “Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment” (“ASU No. 2011-08”) We early adopted ASU No. 2011-08 in the 2011 fourth quarter, which amends existing guidance by giving an entity the option to first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. Based on our examination of qualitative factors at year-end 2011, we concluded that it was not more likely than not that the fair value of any of our reporting units was less than their respective carrying values; therefore, no further testing of the goodwill assigned to our reporting units was required. The adoption of this update did not have a material impact on our financial statements. |
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| Cost Method Investments | We estimate the fair value of our cost method investments by applying a cap rate to stabilized earnings (a market approach). |
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| Earnings Per Share Dilutive Securities | We compute the effect of dilutive securities using the treasury stock method and average market prices during the period. We determine dilution based on earnings. |
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| Inventory Valuation | Prior to the spin-off date, we primarily recorded Timeshare segment interval, fractional ownership, and residential products at the lower of cost or fair market value, in accordance with applicable accounting guidance. Consistent with recognized industry practice, we classified Timeshare segment interval, fractional ownership, and residential products inventory as of year-end 2010 (which had an operating cycle that exceeds 12 months) as a current asset. |
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| Notes Receivable Interest Accrual, Loans to Timeshare Owners | Although we considered loans to timeshare owners past due if we did not receive payment within 30 days of the due date, we suspended accrual of interest only on those that were over 90 days past due. We considered loans over 150 days past due to be in default. We applied payments we received for loans on nonaccrual status first to interest, then principal, and any remainder to fees. We resumed accruing interest when loans were less than 90 days past due. We did not accept payments for notes during the foreclosure process unless the amount was sufficient to pay all principal, interest, fees and penalties owed and fully reinstate the note. Prior to the spin-off date, we reflected interest income associated with “Loans to timeshare owners” of $143 million, $187 million, and $46 million for 2011, 2010 and 2009, respectively, in our Income Statements in the “Timeshare sales and services” revenue caption. |
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Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for the cost method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. An entity also may describe how such investments are assessed for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for allowances received from a vendor. The disclosure differentiates between those allowances that are recorded as a reduction in the price of the vendors' products or services (that is, the entity's inventory) and which ultimately will be recorded as a reduction in the entity's cost of sales and those that are not. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for its derivative instruments and hedging activities. Disclosure may include: (1) Each method used to account for derivative financial instruments and derivative commodity instruments ("derivatives"); (2) the types of derivatives accounted for under each method; (3) the criteria required to be met for each accounting method used, including a discussion of the criteria required to be met for hedge or deferral accounting and accrual or settlement accounting (for example, whether and how risk reduction, correlation, designation, and effectiveness tests are applied); (4) the accounting method used if the criteria specified for hedge accounting are not met; (5) the method used to account for termination of derivatives designated as hedges or derivatives used to affect directly or indirectly the terms, fair values, or cash flows of a designated item; (6) the method used to account for derivatives when the designated item matures, is sold, is extinguished, or is terminated. In addition, the method used to account for derivatives designated to an anticipated transaction, when the anticipated transaction is no longer likely to occur; and (7) where and when derivatives, and their related gains or losses are reported in the statement of financial position, cash flows, and results of operations and (8) an accounting policy decision to offset fair value amounts with counterparties. An entity may also describe its embedded derivatives, and the method(s) used to determine the fair values of derivatives and any significant assumptions used in such valuations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for goodwill. This accounting policy also may address how an entity assesses and measures impairment of goodwill, how reporting units are determined, how goodwill is allocated to such units, and how the fair values of the reporting units are determined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for leasing arrangements (both lessor and lessee). This disclosure may address (1) lease classification (that is, operating versus capital), (2) how the term of a lease is determined (for example, the circumstances in which a renewal option is considered part of the lease term), (3) how rental revenue or expense is recognized for a lease that contains rent escalations, (4) an entity's accounting treatment for deferred rent, including that which arises from lease incentives, rent abatements, rent holidays, or tenant allowances (5) an entity's accounting treatment for contingent rental payments and (6) an entity's policy for reviewing, at least annually, the residual values of sales-type and direct-finance leases. The disclosure also may indicate how the entity accounts for its capital leases, leveraged leases or sale-leaseback transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for minimum guarantees, including the nature of each guarantee given to contract holders under long-duration contracts, and the methods of determining the amounts of the guarantees reflected as liabilities in the balance sheet or disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for entities that primarily develop and then sell real property at retail or otherwise. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INCOME TAXES (Tables)
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Dec. 30, 2011
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| The (Provision for) Benefit from Income Taxes | Our (provision for)/benefit from income taxes consists of:
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| Unrecognized Tax Benefits Reconciliation | The following table reconciles our unrecognized tax benefit balance for each year from the beginning of 2009 to the end of 2011:
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| Total Deferred Tax Assets and Liabilities | Total deferred tax assets and liabilities as of year-end 2011 and year-end 2010, were as follows:
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| Composition of Net Deferred Tax Balances | The following table details the composition of the net deferred tax balances at year-end 2011 and 2010.
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| Types of Temporary Differences and Carry-Forwards that Significantly Effect Deferred Tax Assets and Liabilities | The tax effect of each type of temporary difference and carry-forward that gives rise to a significant portion of our deferred tax assets and liabilities as of year-end 2011 and year-end 2010, were as follows:
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| Reconciliation of the U.S. Statutory Tax Rate to Our Effective Income Tax Rate for Continuing Operations | The following table reconciles the U.S. statutory tax rate to our effective income tax rate:
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- Definition
Components of net deferred tax assets No definition available.
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- Definition
Deferred Tax Assets and Liabilities Table Text Block No definition available.
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- Definition
Unrecognized Tax Benefits Reconciliation, Table No definition available.
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- Definition
Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SHARE-BASED COMPENSATION (Tables)
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Dec. 30, 2011
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| Additional Information on RSUs | The following table provides additional information on RSUs for the last three fiscal years:
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| Changes in Outstanding Restricted Stock Unit Grants | The following table shows the 2011 changes in our outstanding Marriott RSU grants and the associated weighted average grant-date fair values:
(1) Includes 0.7 million Marriott RSUs held by MVW employees. |
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| Changes in Outstanding Stock Option Program Awards | The following table shows the 2011 changes in our outstanding Marriott Stock Option Program awards and the associated weighted average exercise prices:
(1) Includes 0.4 million Marriott options held by MVW employees. |
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| Stock Options Issued Under the Stock Option Program Awards | The following table shows the Marriott stock options issued under the Stock Option Program awards outstanding at year-end 2011:
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| Number of Options Granted and Associated Weighted Average Grant-Date Fair Values and Weighted Average Exercise Prices | The following table shows the number of Marriott options we granted in the last three years and the associated weighted average grant-date fair values and weighted average exercise prices:
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| Intrinsic Value of Outstanding Stock Options and Exercisable Stock Option | The following table shows the intrinsic value of outstanding Marriott stock options and exercisable Marriott stock options at year-end 2011 and 2010:
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| Changes in Outstanding SARs | The following table shows the 2011 changes in our outstanding Marriott SARs and the associated weighted average exercise prices:
(1) Includes 0.3 million Marriott SARs held by MVW employees. |
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| Number of Employee SARs and Director SARs Granted, Associated Weighted Average Base Values, And Weighted Average Grant-Date Fair Values | The following tables show the number of Employee Marriott SARs and Director Marriott SARs granted in the last three years, the associated weighted average exercise prices, and the associated weighted average grant-date fair values:
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| Assumptions for Stock Options and Employee SARs | The following table shows the assumptions we used for stock options and Employee SARs for 2011, 2010, and 2009:
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| Share-Based Compensation Expense, Number of Deferred Stock Units Granted, Weighted Average Grant-date Fair Value, and Aggregate Intrinsic Value of Non-Employee Director Deferred Stock Units | The following table shows share-based compensation expense, number of deferred stock units granted, weighted average grant-date fair value, and aggregate intrinsic value of Non-employee director Marriott deferred stock units:
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- Definition
Schedule Of Additional Information On Restricted Stock Units [Table Text Block] No definition available.
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- Definition
Schedule of Share-based Payment Award, Stock Options and Stock Appreciation Rights Award, Valuation Assumptions [Table Text Block] No definition available.
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- Definition
Share Based Compensation Arrangement by Share Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value, Weighted Average Exercise Price Table No definition available.
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- Definition
Share Based Compensation Arrangement by Share Based Payment Award, Other Than Options, Stock Appreciation Rights, Grants in Period and Weighted Average Values Table No definition available.
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- Definition
Share Based Compensation Expense Deferred Stock Units Granted Average Grant Date Fair Value And Intrinsic Value Of Non Employee Deferred Stock Units [Table Text Block] No definition available.
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- Definition
Share Based Compensation Stock Options Granted And Exercised Disclosure Text Block No definition available.
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- Definition
Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
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Dec. 30, 2011
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| Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities | We show the carrying values and the fair values of non-current financial assets and liabilities that qualify as financial instruments, determined in accordance with current guidance for disclosures on the fair value of financial instruments, in the following table. On November 21, 2011, we transferred all balances related to Loans to timeshare owners (both securitized and non-securitized) and non-recourse debt associated with securitized notes receivable to MVW as part of the spin-off. See Footnote No. 17, "Spin-off" for additional information.
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- Definition
Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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EARNINGS PER SHARE (Tables)
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Dec. 30, 2011
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| Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share | The table below illustrates the reconciliation of the earnings (losses) and number of shares used in our calculations of basic and diluted earnings (losses) per share attributable to Marriott shareholders.
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| X | ||||||||||
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- Definition
Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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INVENTORY (Tables)
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Dec. 30, 2011
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| Composition of our Timeshare Segment Inventory Balances | We show the composition of our former Timeshare segment inventory balances as of year-end 2010 in the following table:
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- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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PROPERTY AND EQUIPMENT (Tables)
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Dec. 30, 2011
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| Composition of our Property and Equipment Balances | We show the composition of our property and equipment balances in the following table:
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| Schedule of Capital Leased Assets | In the following table, we show the composition of our assets recorded under capital leases, which we have included in our property and equipment total balances in the preceding table:
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| X | ||||||||||
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- Definition
Disclosure of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, building and production equipment. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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GOODWILL AND INTANGIBLE ASSETS (Tables)
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Dec. 30, 2011
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| Composition of Other Intangible Assets | The following table details the composition of our other intangible assets:
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| Carrying Amount of Goodwill | The following table details the carrying amount of goodwill:
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| X | ||||||||||
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- Definition
Composition Of Other Intangible Assets [Table Text Block] No definition available.
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- Definition
Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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NOTES RECEIVABLE (Tables)
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Dec. 30, 2011
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| Composition of our Notes Receivable Balances (Net of Reserves and Unamortized Discounts) | We show the composition of our notes receivable balances (net of reserves and unamortized discounts) in the following table:
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| Composition of our Long Term Notes Receivable Balances (Net of Reserves and Unamortized Discounts) | We show the composition of our long-term notes receivable balances (net of reserves and unamortized discounts) in the following table:
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| Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts) and Interest Rates | The following tables show future principal payments (net of reserves and unamortized discounts) as well as interest rates, reserves and unamortized discounts for our securitized and non-securitized notes receivable. Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates
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| Notes Receivable Reserves | Notes Receivable Reserves
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| Notes Receivable Unamortized Discounts | Notes Receivable Unamortized Discounts (1)
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Senior, Mezzanine and Other Loans
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| Notes Receivable Reserves | The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for 2009, 2010, and 2011:
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Loans to timeshare owners
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| Notes Receivable Reserves | The following table summarizes the activity related to our “Loans to timeshare owners” notes receivable reserve for 2009, 2010, and 2011 prior to the spin-off date:
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| Securitized and Non-Securitized Timeshare Notes Receivable, Loans on Nonaccrual Status | We show our recorded investment in nonaccrual “Loans to timeshare owners” loans at year-end 2010 (which were loans that were 90 days or more past due) as well as our average investment in these loans during 2010 in the following table:
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Long Term Notes Receivable Balances Net Of Reserves And Unamortized Discounts [Table Text Block] No definition available.
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Notes Receivable Balances Net Of Reserves [Table Text Block] No definition available.
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Notes Receivable Unamortized Discounts [Table Text Block] No definition available.
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- Definition
Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the annual minimum payments due from financing receivables, such as, but not limited to accounts, notes, loans, and other financing receivables. No definition available.
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Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ASSET SECURITIZATIONS (Tables)
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Dec. 30, 2011
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| Cash Flows Between Us and Investors | The following table shows cash flows between us and investors during 2009. In 2010, we consolidated the entities that facilitated our notes receivable securitizations. See Footnote No. 20, “Variable Interest Entities” for discussion of the impact of our involvement with these entities on our financial position, financial performance, and cash flows for 2010 and 2011.
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Cash Flows Between Securitization Special Purpose Entity SPE And Transferor Text Block No definition available.
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LONG-TERM DEBT (Tables)
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Dec. 30, 2011
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| Long-Term Debt | We provide detail on our long-term debt balances in the following table:
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| Debt Principal Payments (Net of Unamortized Discounts) | Debt Principal Payments (net of unamortized discounts)
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| Unamortized Debt Discounts | Unamortized Debt Discounts
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Unamortized Discounts On Debt [Table Text Block] No definition available.
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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SELF-INSURANCE RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES (Tables)
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Dec. 30, 2011
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| Self-Insurance Reserve for Losses and Loss Adjustment Expenses | The activity in the reserve for losses and loss adjustment expenses is summarized as follows:
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Tabular disclosure of an adjustment or group of similar adjustments to the opening balance of the estimated reserve for unpaid claims and claims adjustment expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONTINGENCIES (Tables)
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Dec. 30, 2011
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| Maximum Potential Amount of Future Fundings as the Primary Obligor for Guarantees and the Liability for Expected Future Fundings | We show the maximum potential amount of future fundings for guarantees where we are the primary obligor and the carrying amount of the liability for expected future fundings at year-end 2011 in the following table.
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Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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BUSINESS SEGMENTS (Tables)
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Dec. 30, 2011
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| Revenues | Revenues
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| Net Income (Loss) Attributable to Marriott | Net Income (Loss) Attributable to Marriott
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| Net Losses Attributable to Noncontrolling Interests | Net Losses Attributable to Noncontrolling Interests
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| Equity in Losses of Equity Method Investees | Equity in Losses of Equity Method Investees
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| Depreciation and Amortization | Depreciation and Amortization
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| Assets | Assets
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| Equity Method Investments | Equity Method Investments
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| Goodwill | Goodwill
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| Capital Expenditures | Capital Expenditures
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- Definition
Noncontrolling Interests Disclosure Table No definition available.
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Reconciliation of Depreciation and Amortization from Segments to Consolidated [Table Text Block] No definition available.
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- Definition
Reconciliation of Equity in Income Loss from Equity Method Investees from Segments to Consolidated [Table Text Block] No definition available.
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Reconciliation of Equity Method Investments from Segments to Consolidated [Table Text Block] No definition available.
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Reconciliation of Goodwill from Segments to Consolidated [Table Text Block] No definition available.
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This element may be used to capture the complete disclosure for the identification, description, and amounts of all significant reconciling items in the reconciliation of total income before income taxes, which includes equity method income or loss and gains and other income, from reportable segments, to the entity's net income attributable to the parent before extraordinary items, discontinued operations, and the cumulative effect of changes in accounting principles. No definition available.
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Reconciliation of Long Lived Assets from Segment to Consolidated No definition available.
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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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SPIN-OFF (Tables)
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Dec. 30, 2011
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| Spinoff Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity Impact of Spin-off | Our shareholders' equity decreased by $1,162 million as a result of the spin-off of MVW. We show the components of the decrease, which was primarily noncash and principally comprised of the net book value of the net assets that we contributed to MVW in connection with the spin-off, in the following table:
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Equity impact of spin-off [Table Text Block] No definition available.
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TIMESHARE STRATEGY-IMPAIRMENT CHARGES (Tables)
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Dec. 30, 2011
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| Timeshare Strategy Impairment Charges Composition Disclosure | As a result of the actions (described in preceding paragraphs) in 2011 and 2009, we recorded the charges shown in the following table in our Income Statements, with charges that impacted operating income under the “Timeshare strategy-impairment charges” caption and charges that impacted non-operating income under the “Timeshare strategy-impairment charges (non-operating)” caption:
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| X | ||||||||||
|
- Definition
Disclosure related to the composition of the expense recognized during the period to reduce the carrying amount of several Timeshare projects. The impairment charges include inventory, and property, plant and equipment and other impairments related to these Timeshare projects. No definition available.
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VARIABLE INTEREST ENTITIES (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2011
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| Cash Flows Between us and the Timeshare Notes Securitization Variable Interest Entities | We show our cash flows to and from the timeshare notes securitization variable interest entities in the following table for 2011 prior to the spin-off date and for 2010:
|
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| X | ||||||||||
|
- Definition
Cash Flows Between Timeshare Securitization Special Purpose Entity SPE And Transferor Text Block No definition available.
|
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LEASES (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
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| Future Obligations Under Operating Leases | We have summarized our future obligations under operating leases at year-end 2011, below:
|
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| Composition of Rent Expense Associated with Operating Leases | The following table details the composition of rent expense associated with operating leases for the last three years:
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| Future Obligations Under Capital Leases | We have summarized our future obligations under capital leases at year-end 2011 in the following table:
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| X | ||||||||||
|
- Definition
Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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RELATED PARTY TRANSACTIONS (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 30, 2011
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| Financial Data Resulting from Transactions with Related Parties, Income Statement Data | The following tables present financial data resulting from transactions with these related parties: Income Statement Data
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| Financial Data Resulting from Transactions with Related Parties, Balance Sheet Data | Balance Sheet Data
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| Summarized Information for the Entities Equity Method Investments, Income Statement | Summarized information for the entities in which we have equity method investments is as follows: Income Statement Data
|
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| Summarized Information for the Entities Equity Method Investments, Balance Sheet | Balance Sheet Summary
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| X | ||||||||||
|
- Definition
Balance Sheet Data Resulting from Related Party Transactions No definition available.
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| X | ||||||||||
|
- Definition
Equity Method Investees, Balance Sheet Data No definition available.
|
| X | ||||||||||
|
- Definition
Equity Method Investees, Income Statement Data No definition available.
|
| X | ||||||||||
|
- Definition
Income Statement Data Resulting from Related Party Transactions No definition available.
|
|
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)
|
0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jan. 03, 2010
|
Dec. 30, 2011
|
Sep. 09, 2011
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
Entity
|
Jan. 02, 2009
|
Dec. 28, 2007
|
Dec. 29, 2006
|
Dec. 30, 2005
|
Dec. 31, 2004
|
Jan. 02, 2004
|
Jan. 03, 2003
|
Nov. 10, 2011
|
Dec. 30, 2011
Self Insurance Program
|
Dec. 31, 2010
Self Insurance Program
|
Nov. 20, 2011
Former Timeshare Segment
|
Dec. 31, 2010
Former Timeshare Segment
|
Dec. 30, 2011
Lower Limit
|
Jan. 01, 2010
Upper Limit
|
Dec. 30, 2011
Upper Limit
|
Dec. 30, 2011
Equity Method Investment
Lower Limit
|
Dec. 30, 2011
Equity Method Investment
Upper Limit
|
Dec. 30, 2011
Deferred Profit Sharing
|
Dec. 31, 2010
Deferred Profit Sharing
|
Jan. 01, 2010
Deferred Profit Sharing
|
Jan. 03, 2010
Assets, Total
|
Jan. 03, 2010
Liabilities, Total
|
||||
| Significant Accounting Policies [Line Items] | |||||||||||||||||||||||||||||||
| Spin-off distribution ratio, spinnee shares received | 1 | ||||||||||||||||||||||||||||||
| Spin-off distribution ratio, spinnor shares held | 10 | ||||||||||||||||||||||||||||||
| Existing qualifying special purpose entities consolidated | 13 | ||||||||||||||||||||||||||||||
| New accounting pronouncement or change in accounting principle, cumulative effect of change on equity or net assets, pretax | $ 238,000,000 | ||||||||||||||||||||||||||||||
| Income tax effects allocated directly to equity, cumulative effect of change in accounting principle | 92,000,000 | ||||||||||||||||||||||||||||||
| Impact of adoption of ASU 2009-16 and ASU 2009-17 | (146,000,000) | [1] | 970,000,000 | 1,116,000,000 | |||||||||||||||||||||||||||
| Number of weeks in fiscal year | 52 | 52 | 52 | 53 | 52 | 52 | 52 | 52 | 52 | 53 | |||||||||||||||||||||
| Licensing fees from MVW after spin-off | 4,000,000 | ||||||||||||||||||||||||||||||
| Minimum percentage of purchase price required to be received for sales recognition prior to spin-off | 10.00% | ||||||||||||||||||||||||||||||
| Deferred revenue | 56,000,000 | ||||||||||||||||||||||||||||||
| Compensation costs from profit sharing | 91,000,000 | 86,000,000 | 94,000,000 | ||||||||||||||||||||||||||||
| Discount rate | 2.00% | 2.00% | |||||||||||||||||||||||||||||
| Self-insurance reserves | 330,000,000 | 330,000,000 | 313,000,000 | 304,000,000 | 4,000,000 | 5,000,000 | |||||||||||||||||||||||||
| Liability for guest loyalty program | 1,948,000,000 | 1,948,000,000 | 1,799,000,000 | ||||||||||||||||||||||||||||
| Reduction in estimate of breakage | 10.00% | ||||||||||||||||||||||||||||||
| Increase in liability for guest loyalty program, contingent upon reduction in the estimate of breakage | 101,000,000 | ||||||||||||||||||||||||||||||
| Number of types of vendor rebate and allowance programs | 3 | ||||||||||||||||||||||||||||||
| Restricted cash, current | 0 | 0 | 55,000,000 | ||||||||||||||||||||||||||||
| Restricted cash, noncurrent | 16,000,000 | 16,000,000 | 30,000,000 | ||||||||||||||||||||||||||||
| Assets held for sale | 0 | 0 | |||||||||||||||||||||||||||||
| Liabilities related to assets held for sale | 0 | 0 | |||||||||||||||||||||||||||||
| Goodwill impairment charge | 0 | 0 | 0 | ||||||||||||||||||||||||||||
| Fair value of goodwill as a percent of carrying value, trigger for impairment loss | 100.00% | 100.00% | |||||||||||||||||||||||||||||
| Ownership interest in equity method investments | 10.00% | 49.00% | 10.00% | 49.00% | |||||||||||||||||||||||||||
| Available-for-sale securities | 50,000,000 | 50,000,000 | 18,000,000 | ||||||||||||||||||||||||||||
| Reclassification of losses from accumulated other comprehensive income - other-than-temporary impairment of available-for-sale securities | (10,000,000) | 18,000,000 | 0 | ||||||||||||||||||||||||||||
| Reclassification of losses from accumulated other comprehensive income - sale of available-for-sale securities | 0 | 0 | |||||||||||||||||||||||||||||
| Gains (losses) from foreign currency transactions | (7,000,000) | (7,000,000) | (1,000,000) | ||||||||||||||||||||||||||||
| Gains and other income | $ 2,000,000 | $ 2,000,000 | $ 0 | ||||||||||||||||||||||||||||
|
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| X | ||||||||||
|
- Definition
Duration of Fiscal Period No definition available.
|
| X | ||||||||||
|
- Definition
Existing Qualifying Special Purpose Entities Consolidated No definition available.
|
| X | ||||||||||
|
- Definition
Fair Value of Goodwill as Percent of Carrying Value, Trigger for Impairment Loss No definition available.
|
| X | ||||||||||
|
- Definition
The company's future redemption obligation for its frequent guest loyalty program. No definition available.
|
| X | ||||||||||
|
- Definition
Liabilities For Guest Loyalty Program, Effect Of Change In Estimate Of Breakage, Amount No definition available.
|
| X | ||||||||||
|
- Definition
Liabilities For Guest Loyalty Program, Reduction In Estimate Of Breakage, Percentage No definition available.
|
| X | ||||||||||
|
- Definition
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets, Pretax No definition available.
|
| X | ||||||||||
|
- Definition
Number of types of vendor rebate and allowance programs that are common in industry. No definition available.
|
| X | ||||||||||
|
- Definition
Minimum percentage of purchase price required to be received for revenue recognition. No definition available.
|
| X | ||||||||||
|
- Definition
Self Insurance Projected Settlement Discount Rate No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of spinnee shares received by shareholders of spinnor in spin-off transaction, used to determine how many spinnee shares were distributed. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares held by shareholders of the spinnor, used to determine how many spinnee shares were distributed. No definition available.
|
| X | ||||||||||
|
- Definition
Current assets (normally turning over within one year or one business cycle if longer) that are held for sale apart from normal operations and anticipated to be sold within one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill. Goodwill is assessed at least annually for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the cumulative effect of a change in accounting principle on the beginning retained earnings of the earliest period reported that was affected by the change. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Liability (such as a mortgage) related to a disposal group that is held for sale and anticipated to be sold in less than one year. The liability is expected to be discharged as part of the plan of sale for the asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated cost of settling claims under the terms of the underlying insurance policies and assumed and ceded insurance contracts as of the balance sheet date, including an estimate for claims which have been incurred but not reported and the actual and estimated costs of settling claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the cumulative effect of the change in accounting principle or new accounting pronouncement on retained earnings or other components of equity or net assets in the statement of financial position as of the beginning of the earliest period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reclassification adjustment for unrealized gains or losses realized upon the sale of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reclassification adjustment for unrealized gains or losses realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash and equivalents whose use in whole or in part is restricted for the long-term, generally by contractual agreements or regulatory requirements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amounts reclassified from other comprehensive income to earnings during the period related to translation from functional currency to reporting currency, as a result of the sale or complete or substantially complete liquidation of an investment in a foreign entity. Net of tax effect. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
The (Provision for) Benefit from Income Taxes (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||
| Schedule of Components of Income Before Income Tax Expense (Benefit) [Line Items] | ||||||
| Federal, Current | $ 53 | $ 117 | $ (169) | |||
| State, Current | 0 | (7) | (12) | |||
| Non-U.S., Current | (55) | (51) | (61) | |||
| Current Income Tax Expense (Benefit) | (2) | 59 | (242) | |||
| Federal, Deferred | (116) | (150) | 234 | |||
| State, Deferred | (10) | (14) | 28 | |||
| Non-U.S., Deferred | (30) | 12 | 45 | |||
| Deferred Income Tax Expense (Benefit) | (156) | (152) | 307 | |||
| (Provision) benefit for income taxes | $ (158) | $ (93) | $ 65 | [1] | ||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted federal tax law to the domestic taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of foreign enacted tax law to the foreign taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) during the period in the entity's domestic deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the federally enacted tax law. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) in the entity's net foreign deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of applicable enacted tax laws of countries other than the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) in the entity's state and local deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the applicable enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Income Taxes - Additional Information (Detail) (USD $)
|
12 Months Ended | 12 Months Ended | 4 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
Jan. 02, 2009
|
Dec. 30, 2011
Lower Limit
|
Dec. 30, 2011
Upper Limit
|
Dec. 31, 2010
Settlement with IRS
|
Dec. 31, 2010
Revisions to Estimates of Prior Years' Foreign Income Tax Expenses
|
Dec. 31, 2010
Ongoing Tax Examination Treatment Of Funds Received From Foreign Subsidiaries
|
Dec. 30, 2011
Tax Year 2000
Settlement with IRS
|
Dec. 30, 2011
Tax Year 2001
Settlement with IRS
|
|
| Income Taxes [Line Items] | |||||||||||
| Tax benefits (costs) from share-based compensation | $ 55,000,000 | $ 51,000,000 | $ (8,000,000) | ||||||||
| Tax credits included in provision for income taxes | 4,000,000 | 2,000,000 | 2,000,000 | ||||||||
| Taxes applicable to other comprehensive income | 14,000,000 | ||||||||||
| Cumulative unremitted earnings of subsidiaries | 451,000,000 | ||||||||||
| Tax holidays (in years) | 5 years | 30 years | |||||||||
| Expiration of tax holidays | 2034 | ||||||||||
| Aggregate amount of taxes not incurred due to tax holidays | 1,000,000 | 7,000,000 | 4,000,000 | ||||||||
| Amount of taxes not incurred due to tax holidays, per share | $ 0.02 | $ 0.01 | |||||||||
| Write-off of deferred tax assets transferred to MVW | 34,000,000 | ||||||||||
| Tax expense (benefits) | (85,000,000) | (12,000,000) | 52,000,000 | (3,000,000) | (5,000,000) | ||||||
| Unrecognized tax benefits | 39,000,000 | 39,000,000 | 249,000,000 | 141,000,000 | |||||||
| Change in unrecognized tax benefits | (210,000,000) | 108,000,000 | |||||||||
| Unrecognized tax benefits that, if recognized, would impact the effective tax rate | 24,000,000 | 26,000,000 | 136,000,000 | ||||||||
| Interest related to unrecognized tax benefits as a component of tax expense | 1,000,000 | 2,000,000 | 2,000,000 | ||||||||
| Accrued interest related to unrecognized tax benefits | 3,000,000 | 4,000,000 | 28,000,000 | ||||||||
| Tax credits subject to expiration | 48,000,000 | ||||||||||
| Tax credits, expiration | 2031 | ||||||||||
| Tax credits not subject to expiration | 232,000,000 | ||||||||||
| Net operating loss benefits | 332,000,000 | 21,000,000 | |||||||||
| Net operating losses | 3,300,000,000 | ||||||||||
| Net operating losses subject to expiration | 2,800,000,000 | ||||||||||
| Net operating losses, expiration | 2031 | ||||||||||
| Cash paid for income taxes, net of refunds | $ 45,000,000 | $ 68,000,000 | $ 110,000,000 | ||||||||
| X | ||||||||||
|
- Definition
Deferred Tax Assets, Tax Credit Carryforwards Not Subject To Expiration No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Tax Assets, Tax Credit Carryforwards Subject To Expiration No definition available.
|
| X | ||||||||||
|
- Definition
The total recognized tax benefit related to compensation cost for equity-based payment arrangements or realized from the exercise of stock options and the conversion of similar instruments during the annual period recognized in income during the period. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The sum of domestic, foreign and state and local operating loss carryforwards used to reduce taxable income under enacted tax laws. No definition available.
|
| X | ||||||||||
|
- Definition
Tax holiday period in years No definition available.
|
| X | ||||||||||
|
- Definition
Undistributed Earnings Of Foreign Subsidiaries Reinvested Indefinitely No definition available.
|
| X | ||||||||||
|
- Definition
The change during the period in the entity's deferred tax assets and liabilities attributable to continuing operations as determined by applying enacted tax laws other than federal, domestic, foreign, state or local. Items affecting deferred income taxes and required to be disclosed, but not included elsewhere, would also be designated as "Other"; for example, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity and adjustments to be beginning-of-year balance of a valuation allowance because of a change in circumstance that causes a change in judgment about the realizability of the related deferred tax asset in future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of operating loss carryforwards available to reduce future taxable income, which are subject to expiration dates. No definition available.
|
| X | ||||||||||
|
- Definition
A credit or adjustment for government or taxing authority authorized decrease in taxes owed as a result of meeting certain tax policy conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of income taxes from which a reporting entity is exempt or for which it will receive a reduction in income taxes as a result of the income tax holiday granted by the taxing jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The per share effect of the aggregate dollar amount of the income tax benefit resulting from the income tax holidays granted to the entity by taxing jurisdictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The date on which the special tax status will terminate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of domestic, foreign and state and local operating loss carryforwards, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The expiration date of each operating loss carryforward included in total operating loss carryforwards, or the applicable range of such expiration dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tax effect of the change in accumulated other comprehensive income (loss), that is, the tax effect on items included in other comprehensive income (loss) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects the effects of adjustments of previously recorded tax expense, significant settlements of income tax disputes, and unusual tax positions or infrequent actions taken by the entity, including tax assessment reversal, IRS tax settlement and unusual repatriation of foreign earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
State the expiration dates of the tax credit carryforward. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the amount of interest expense accrued as of the date of the statement of financial position for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents interest expense recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount of all increases and decreases in unrecognized tax benefits for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Unrecognized Tax Benefit Reconciliation (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | |||
| Unrecognized tax benefit at beginning of year | $ 39 | $ 249 | $ 141 |
| Decrease attributable to tax positions taken during a prior period | (10) | (187) | |
| Increase attributable to tax positions taken during a prior period | 99 | ||
| Change attributable to withdrawal of tax positions previously taken or expected to be taken | (6) | ||
| Increase attributable to tax positions taken during the current period | 19 | 25 | 22 |
| Decrease attributable to settlements with taxing authorities | 0 | (47) | (10) |
| Decrease attributable to lapse of statute of limitations | (3) | (1) | (3) |
| Unrecognized tax benefit at end of year | $ 39 | $ 39 | $ 249 |
| X | ||||||||||
|
- Definition
Unrecognized Tax Benefits, Decreases Resulting from the Withdrawal of Tax Positions Previously Taken or Expected to be Taken No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from settlements with taxing authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions that have been or will be taken in the tax return for the current period, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of decreases in unrecognized tax benefits resulting from lapses of the applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Total Deferred Tax Assets and Liabilities (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Schedule of Deferred Income Tax Assets and Liabilities [Line Items] | ||
| Deferred tax assets | $ 1,145 | $ 1,236 |
| Deferred tax liabilities | (18) | (100) |
| Net deferred taxes | $ 1,127 | $ 1,136 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
For entities that net deferred tax assets and tax liabilities, represents the unclassified net amount of deferred tax assets and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; net of deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cumulative amount of all deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A taxable temporary difference is a difference between the tax basis and the carrying amount of an asset or liability in the financial statements prepared in accordance with generally accepted accounting principles that will result in taxable amounts in one or more future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Composition of Net Deferred Tax Balances (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Schedule of Deferred Income Tax Assets and Liabilities [Line Items] | ||||||
| Current deferred taxes, net | $ 282 | $ 246 | ||||
| Long-term deferred taxes, net | 873 | [1] | 932 | [1] | ||
| Current liabilities, other | (13) | (19) | ||||
| Long-term liabilities, other | (15) | (23) | ||||
| Net deferred taxes | $ 1,127 | $ 1,136 | ||||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
For entities that net deferred tax assets and tax liabilities, represents the unclassified net amount of deferred tax assets and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the current portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A current taxable temporary difference is a difference between the tax basis and the carrying amount of a current asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Types of Temporary Differences and Carry-Forwards that Significantly Effect Deferred Tax Assets and Liabilities (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Schedule of Deferred Income Tax Assets and Liabilities [Line Items] | ||
| Self-insurance | $ 20 | $ 22 |
| Employee benefits | 295 | 296 |
| Deferred income | 15 | 18 |
| Reserves | 64 | 213 |
| Frequent guest program | 42 | 104 |
| Joint venture interests | (8) | 99 |
| ASC 740 deferred taxes | 5 | 5 |
| Tax credits | 281 | 235 |
| Net operating loss carry-forwards | 467 | 204 |
| Timeshare financing | 0 | 0 |
| Property, equipment, and intangible assets | (10) | 18 |
| Other, net | 28 | (16) |
| Deferred taxes | 1,199 | 1,198 |
| Less: valuation allowance | (72) | (62) |
| Net deferred taxes | $ 1,127 | $ 1,136 |
| X | ||||||||||
|
- Definition
Deferred Tax Assets, ASC 740 Deferred Taxes No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Tax Assets, Frequent Guest Program No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Tax Assets (Liabilities), Gross No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Tax Assets (Liabilities), Other No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Tax Assets (Liabilities), Property, Plant and Equipment and Intangible Assets No definition available.
|
| X | ||||||||||
|
- Definition
Deferred Tax Liabilities, Timeshare Financing No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax deductions attributable to income recognized only for tax purposes and which will reverse when recognized under generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax reductions attributable to the difference between the tax basis and the generally accepted accounting principles basis of a company's equity method investment which will decrease future taxable income when such basis difference reverses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For entities that net deferred tax assets and tax liabilities, represents the unclassified net amount of deferred tax assets and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the tax effects as of the balance sheet date of the amount of excesses of tax deductions over gross income in a year which cannot be used on the tax returns in the current year but can be carried forward to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The tax effect as of the balance sheet date of the amount of future tax deductions arising from all unused tax credit carryforwards which have been reduced by a valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax deductions arising from employee benefit costs not otherwise specified in the taxonomy, which can only be deducted for tax purposes when actual costs are incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax effects arising from all other reserves, which can only be deducted for tax purposes when losses pertaining to such reserves are actually incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The tax effect as of the balance sheet date of the amount of the estimated future tax deductions arising from estimates of losses under self-insurance, which can only be deducted for tax purposes when actual losses are incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the portions of deferred tax assets as of the balance sheet date for which, based on the weight of available evidence, it is more likely than not will not be realized through future reductions of tax-based income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Reconciliation of the U.S. Statutory Tax Rate to Our Effective Income Tax Rate for Continuing Operations (Detail)
|
12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||||||
| Reconciliation of Statutory Federal Tax Rate [Line Items] | ||||||||||
| U.S. statutory tax rate | 35.00% | 35.00% | (35.00%) | |||||||
| U.S. State income taxes, net of U.S. federal tax benefit | 2.30% | 2.40% | (2.10%) | |||||||
| Nondeductible expenses | 1.80% | 0.50% | 0.50% | |||||||
| Non-U.S. income | (0.90%) | (3.70%) | 5.20% | |||||||
| Audit activity | 0.00% | [1] | (15.60%) | [1] | 13.70% | [1] | ||||
| Company owned life insurance | 0.00% | 0.00% | (2.00%) | |||||||
| Change in valuation allowance | 8.90% | [2] | 0.90% | 2.20% | ||||||
| Tax credits | (1.00%) | (0.40%) | (0.40%) | |||||||
| Other, net | (1.70%) | (2.30%) | 2.30% | |||||||
| Effective rate | 44.40% | 16.80% | (15.60%) | |||||||
|
||||||||||
| X | ||||||||||
|
- Definition
Effective Income Tax Rate Reconciliation Audit Activity No definition available.
|
| X | ||||||||||
|
- Definition
Effective Income Tax Rate Reconciliation Life Insurance No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the difference between statutory income tax rates in foreign jurisdictions and the domestic federal statutory income tax rate recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the differences between the effective income tax rate and domestic federal statutory income tax rate attributable to all nondeductible expenses under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the state and local income tax expense or benefit, net of the federal tax benefit (expense) thereon, recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the differences between the effective income tax rate and domestic federal statutory income tax rate that can be explained by all tax credits generated or utilized under enacted tax laws during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation - Additional Information (Detail) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | $ 86,000,000 | $ 90,000,000 | $ 85,000,000 |
| Deferred compensation costs related to unvested awards | 101,000,000 | 113,000,000 | |
| Deferred compensation costs related to unvested awards, weighted average period (in years) | 2 | ||
| Tax benefit (costs) from share-based compensation in financing activities | 0 | 51,000,000 | (8,000,000) |
| Proceeds from exercise of stock options granted under share-based payment arrangements | 124,000,000 | 147,000,000 | 35,000,000 |
| Total intrinsic value of stock options exercised | 124,000,000 | 149,000,000 | 30,000,000 |
| Shares reserved under the Comprehensive Plan | 49,000,000 | ||
|
Restricted Stock Units
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 2,600,000 | ||
| Share-based compensation expense | 73,000,000 | 76,000,000 | 71,000,000 |
| Deferred compensation costs related to unvested awards | 94,000,000 | 103,000,000 | |
| Weighted average remaining term for grants outstanding (in years) | 2 | ||
| Vesting period | 4 years | ||
| Forfeited | 300,000 | ||
|
Stock Appreciation Rights
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 700,000 | ||
| Share-based compensation expense | 12,000,000 | 12,000,000 | 11,000,000 |
| Deferred compensation costs related to unvested awards | 6,000,000 | 9,000,000 | |
| Vesting period | 4 years | ||
| Forfeited | 63,000 | 79,000 | |
| Intrinsic value of stock appreciation rights outstanding | 54,000,000 | ||
| Intrinsic value of stock appreciation rights exercisable | 0 | 13,000,000 | |
| Intrinsic value of stock appreciation rights exercised | 280,000 | 402,000 | |
|
Stock Appreciation Rights | Employee
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 700,000 | 1,100,000 | 500,000 |
| Expiration period | 10 years | ||
| Vesting rights | exercised in cumulative installments of one quarter at the end of each of the first four years following the date of grant | ||
|
Stock Appreciation Rights | Director
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 0 | 0 | 5,600 |
| Expiration period | 10 years | ||
| Vesting period | 1 year | ||
| Vesting rights | vest upon grant; however, they are generally not exercisable until one year after grant | ||
| Expected term (in years) | 10 | ||
| Risk-free rate | 3.20% | ||
|
Deferred Stock Units
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 29,000 | ||
|
Deferred Stock Units | Director
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 29,000 | 34,000 | 39,000 |
| Share-based compensation expense | 1,100,000 | 1,100,000 | 900,000 |
| Deferred compensation costs related to unvested awards | 279,000 | 313,000 | |
| Vesting period | 1 year | ||
| Outstanding units at year-end | 247,000 | 252,000 | |
| Weighted average grant-date fair value per share of deferred stock units outstanding as of year end | $ 25 | $ 26 | |
|
Stock Option Program and Stock Appreciation Right Program
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Expected term (in years) | 8.0 | 7.0 | 7.0 |
| Risk-free rate | 3.40% | 3.30% | 2.20% |
| Shares reserved under the Comprehensive Plan | 22,000,000 | ||
|
Employee Stock Option
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | 1,000,000 | ||
| Deferred compensation costs related to unvested awards | 1,000,000 | 1,000,000 | |
| Vesting period | 4 years | ||
| Vesting rights | exercisable in cumulative installments of one quarter at the end of each of the first four years following the date of grant | ||
|
Stock Options Issued from 1990 Through 2000
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Expiration period | 15 years | ||
|
Nonqualified Stock Options
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Expiration period | 10 years | ||
|
Suspended Award Programs
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Share-based compensation expense | 1,000,000 | 1,000,000 | |
| Deferred compensation costs related to unvested awards | $ 0 | ||
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Exercisable, Intrinsic Value No definition available.
|
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Exercises in Period, Total Intrinsic Value No definition available.
|
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Outstanding, Intrinsic Value No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested and Expected to Vest, Outstanding, Number No definition available.
|
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Weighted Average Grant Date Fair Value No definition available.
|
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Expiration No definition available.
|
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
As of the balance sheet date, the aggregate unrecognized cost of equity-based awards made to employees under equity-based compensation awards that have yet to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, using a decimal to express in number of years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from equity-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Description of the period of time over which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, which may be expressed in a variety of ways (for example, in years, month and year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Description of award terms as to how many shares or portion of an award are no longer contingent on satisfaction of either a service condition, market condition or a performance condition, thereby giving the employee the legal right to convert the award to shares, to sell the shares, and be entitled to the cash proceeds of such sale. For example, vesting may be expressed as being 25 percent of the shares under option on each anniversary of the grant date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average period between the balance sheet date and expiration for equity-based awards other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan), which may be expressed in a decimal value for number of years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The period of time an equity-based award is expected to be outstanding. An equity-based award's expected term is generally determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The total accumulated difference between fair values of underlying shares on dates of exercise and exercise price on options which were exercised (or share units converted) into shares during the reporting period under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Additional Information on RSUs (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Reconciliation of Restricted Stock Activity [Line Items] | |||
| Share-based compensation expense (in millions) | $ 86.0 | $ 90.0 | $ 85.0 |
|
Restricted Stock Units
|
|||
| Reconciliation of Restricted Stock Activity [Line Items] | |||
| Share-based compensation expense (in millions) | 73.0 | 76.0 | 71.0 |
| Weighted average grant-date fair value (per unit) | $ 40 | $ 27 | $ 19 |
| Aggregate intrinsic value of converted and distributed Marriott RSUs (in millions) | $ 113 | $ 79 | $ 39 |
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Converted and Distributed, Intrinsic Value No definition available.
|
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Changes in Outstanding Restricted Stock Unit Grants (Detail) (Restricted Stock Units, USD $)
|
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||
| Number of RSUs | ||||||
| Outstanding beginning balance | 7,900,000 | |||||
| Granted | 2,600,000 | |||||
| Distributed | (2,900,000) | |||||
| Forfeited | (300,000) | |||||
| Outstanding ending balance | 7,300,000 | [1] | 7,900,000 | |||
| Weighted Average Grant-Date Fair Value | ||||||
| Outstanding beginning balance (per unit) | $ 30 | |||||
| Granted (per unit) | $ 40 | $ 27 | $ 19 | |||
| Distributed (per unit) | $ 29 | |||||
| Forfeited (per unit) | $ 32 | |||||
| Outstanding ending balance (per unit) | $ 33 | [1] | $ 30 | |||
|
MVW Employee
|
||||||
| Number of RSUs | ||||||
| Outstanding ending balance | 700,000 | |||||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect during the reporting period as a result of the occurrence of a terminating event specified in the contractual agreement of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Changes in Outstanding Stock Option Program Awards (Detail) (USD $)
|
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||
| Number of Options | ||||||
| Granted | 19,192 | 53,304 | 0 | |||
| Outstanding ending balance | 16,400,000 | |||||
| Weighted Average Exercise Price | ||||||
| Granted (per unit) | $ 15 | $ 10 | $ 0 | |||
| Outstanding ending balance (per unit) | $ 17 | |||||
|
Employee Stock Option
|
||||||
| Number of Options | ||||||
| Outstanding beginning balance | 24,100,000 | |||||
| Granted | 0 | |||||
| Exercised | (7,600,000) | |||||
| Forfeited | (100,000) | |||||
| Outstanding ending balance | 16,400,000 | [1] | ||||
| Weighted Average Exercise Price | ||||||
| Outstanding beginning balance (per unit) | $ 18 | |||||
| Granted (per unit) | $ 0 | |||||
| Exercised (per unit) | $ 17 | |||||
| Forfeited (per unit) | $ 30 | |||||
| Outstanding ending balance (per unit) | $ 17 | [1] | ||||
|
Employee Stock Option | MVW Employee
|
||||||
| Number of Options | ||||||
| Outstanding ending balance | 400,000 | |||||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average price at which option holders acquired shares when converting their stock options into shares under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated during the reporting period due to noncompliance with plan terms during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Stock Options Issued under Stock Option Program Awards (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended |
|---|---|
|
Dec. 30, 2011
|
|
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
| Range of Exercise Prices, Lower Limit | $ 8 |
| Range of Exercise Prices, Upper Limit | $ 49 |
| Outstanding - Number of Stock Options (in millions) | 16.4 |
| Outstanding - Weighted Average Exercise Price (per unit) | $ 17 |
| Outstanding - Weighted Average Remaining Life (in years) | 2 |
| Exercisable - Number of Stock Options (in millions) | 16.3 |
| Exercisable - Weighted Average Exercise Price (per unit) | $ 17 |
| Exercisable - Weighted Average Remaining Life (in years) | 2 |
|
Range 2
|
|
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
| Range of Exercise Prices, Lower Limit | $ 13 |
| Range of Exercise Prices, Upper Limit | $ 17 |
| Outstanding - Number of Stock Options (in millions) | 11.7 |
| Outstanding - Weighted Average Exercise Price (per unit) | $ 15 |
| Outstanding - Weighted Average Remaining Life (in years) | 2 |
| Exercisable - Number of Stock Options (in millions) | 11.7 |
| Exercisable - Weighted Average Exercise Price (per unit) | $ 15 |
| Exercisable - Weighted Average Remaining Life (in years) | 2 |
|
Range 3
|
|
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
| Range of Exercise Prices, Lower Limit | $ 18 |
| Range of Exercise Prices, Upper Limit | $ 22 |
| Outstanding - Number of Stock Options (in millions) | 3.3 |
| Outstanding - Weighted Average Exercise Price (per unit) | $ 21 |
| Outstanding - Weighted Average Remaining Life (in years) | 3 |
| Exercisable - Number of Stock Options (in millions) | 3.3 |
| Exercisable - Weighted Average Exercise Price (per unit) | $ 21 |
| Exercisable - Weighted Average Remaining Life (in years) | 3 |
|
Range 4
|
|
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
| Range of Exercise Prices, Lower Limit | $ 23 |
| Range of Exercise Prices, Upper Limit | $ 49 |
| Outstanding - Number of Stock Options (in millions) | 1.4 |
| Outstanding - Weighted Average Exercise Price (per unit) | $ 31 |
| Outstanding - Weighted Average Remaining Life (in years) | 5 |
| Exercisable - Number of Stock Options (in millions) | 1.3 |
| Exercisable - Weighted Average Exercise Price (per unit) | $ 31 |
| Exercisable - Weighted Average Remaining Life (in years) | 4 |
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average period between the balance sheet date and expiration for all vested portions of options outstanding and currently exercisable (or convertible) under the plan, which may be expressed in a decimal value for number of years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average period between the balance sheet date and expiration for all awards outstanding under the plan, which may be expressed in a decimal value for number of years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The floor of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The ceiling of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Number of Options Granted and Associated Weighted Average Grant-Date Fair Values and Weighted Average Exercise Prices (Detail) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Options granted | 19,192 | 53,304 | 0 |
| Weighted average grant-date fair value (per unit) | $ 15 | $ 10 | $ 0 |
| Weighted average exercise price (per unit) | $ 38 | $ 25 | $ 0 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on stock options awarded under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Intrinsic Value of Outstanding Stock Options and Exercisable Stock Options (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
| Outstanding stock options | $ 211 | $ 580 |
| Exercisable stock options | $ 211 | $ 578 |
| X | ||||||||||
|
- Definition
The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices of vested portions of options outstanding and currently exercisable under the option plan as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices pertaining to options outstanding under the plan as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Changes in Outstanding SARs (Detail) (USD $)
|
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||
| Weighted Average Exercise Price | ||||||
| Granted (per unit) | $ 15 | $ 10 | $ 0 | |||
| Outstanding ending balance (per unit) | $ 17 | |||||
|
Stock Appreciation Rights
|
||||||
| Number of Options | ||||||
| Outstanding beginning balance | 4,800,000 | |||||
| Granted | 700,000 | |||||
| Exercised | 0 | |||||
| Forfeited | (63,000) | (79,000) | ||||
| Outstanding ending balance | 5,400,000 | [1] | 4,800,000 | |||
| Weighted Average Exercise Price | ||||||
| Outstanding beginning balance (per unit) | $ 31 | |||||
| Granted (per unit) | $ 38 | |||||
| Exercised (in shares) | $ 0 | |||||
| Forfeited (per unit) | $ 31 | |||||
| Outstanding ending balance (per unit) | $ 30 | [1] | $ 31 | |||
|
MVW Employee | Stock Appreciation Rights
|
||||||
| Number of Options | ||||||
| Outstanding ending balance | 300,000 | |||||
|
||||||
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Exercises in Period No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Exercises in Period, Weighted Average Exercise Price No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated during the reporting period due to noncompliance with plan terms during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Number of Employee SARs and Director SARs Granted, Associated Weighted Average Base Values, And Weighted Average Grant-Date Fair Values (Detail) (Stock Appreciation Rights, USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 700,000 | ||
|
Employee
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 700,000 | 1,100,000 | 500,000 |
| Weighted average exercise price (per unit) | $ 38 | $ 27 | $ 15 |
| Weighted average grant-date fair value (per unit) | $ 14 | $ 10 | $ 5 |
|
Director
|
|||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
| Granted | 0 | 0 | 5,600 |
| Weighted average exercise price (per unit) | $ 0 | $ 0 | $ 23 |
| Weighted average grant-date fair value (per unit) | $ 0 | $ 0 | $ 10 |
| X | ||||||||||
|
- Definition
The weighted average exercise price at grant for share-based awards issued during the period on other than stock option plans (for example, phantom stock plan, stock appreciation rights plan, performance target plan). No definition available.
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Assumptions for Stock Options and Employee SARs (Detail) (Stock Option Program and Stock Appreciation Right Program)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
|
Stock Option Program and Stock Appreciation Right Program
|
|||
| Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | |||
| Expected volatility | 32.00% | 32.00% | 32.00% |
| Dividend yield | 0.73% | 0.71% | 0.95% |
| Risk-free rate | 3.40% | 3.30% | 2.20% |
| Expected term (in years) | 8.0 | 7.0 | 7.0 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The period of time an equity-based award is expected to be outstanding. An equity-based award's expected term is generally determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation Expense, Number of Deferred Stock Units Granted, Weighted Average Grant-Date Fair Value, and Aggregate Intrinsic Value of Non-Employee Director Deferred Stock Units (Detail) (USD $)
In Millions, except Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
| Share-based compensation expense (in millions) | $ 86.0 | $ 90.0 | $ 85.0 |
|
Deferred Stock Units
|
|||
| Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
| Non-employee director deferred stock units granted | 29,000 | ||
|
Deferred Stock Units | Director
|
|||
| Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
| Share-based compensation expense (in millions) | 1.1 | 1.1 | 0.9 |
| Non-employee director deferred stock units granted | 29,000 | 34,000 | 39,000 |
| Weighted average grant-date fair value (per unit) | $ 36 | $ 35 | $ 23 |
| Aggregate intrinsic value of shares distributed (in millions) | $ 1.4 | $ 1.2 | $ 0.5 |
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other than Options, Grants in Period, Aggregate Intrinsic Value No definition available.
|
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | $ 298 | [1] | $ 1,264 | [1] | ||
| Restricted cash | 16 | 30 | ||||
| Non-recourse debt associated with securitized notes receivable | (1,816) | (2,691) | ||||
| Other long-term liabilities | (883) | [1] | (893) | [1] | ||
|
Carrying Amount
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Restricted cash | 16 | 30 | ||||
| Marketable securities | 50 | 18 | ||||
| Senior Notes | (1,286) | (1,631) | ||||
| Commercial paper | (331) | 0 | ||||
| Other long-term debt | (137) | (142) | ||||
| Other long-term liabilities | (77) | (71) | ||||
| Long-term derivative liabilities | 0 | (1) | ||||
|
Fair Value
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Restricted cash | 16 | 30 | ||||
| Marketable securities | 50 | 18 | ||||
| Senior Notes | (1,412) | (1,771) | ||||
| Commercial paper | (331) | 0 | ||||
| Other long-term debt | (137) | (138) | ||||
| Other long-term liabilities | (77) | (67) | ||||
| Long-term derivative liabilities | 0 | (1) | ||||
|
Loans to timeshare owners
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | 0 | 1,080 | ||||
|
Securitized Notes Receivable | Loans to timeshare owners | Carrying Amount
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | 0 | 910 | ||||
|
Securitized Notes Receivable | Loans to timeshare owners | Fair Value
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | 0 | 1,097 | ||||
|
Nonsecuritized Notes Receivable | Loans to timeshare owners | Carrying Amount
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | 0 | 170 | ||||
|
Nonsecuritized Notes Receivable | Loans to timeshare owners | Fair Value
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | 0 | 176 | ||||
|
Nonsecuritized Notes Receivable | Senior, Mezzanine and Other Loans | Carrying Amount
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | 298 | 184 | ||||
|
Nonsecuritized Notes Receivable | Senior, Mezzanine and Other Loans | Fair Value
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Notes receivable | 252 | 130 | ||||
|
Non Recourse Debt
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Non-recourse debt associated with securitized notes receivable | 0 | (890) | ||||
|
Non Recourse Debt | Carrying Amount
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Non-recourse debt associated with securitized notes receivable | 0 | (890) | ||||
|
Non Recourse Debt | Fair Value
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Non-recourse debt associated with securitized notes receivable | 0 | (921) | ||||
|
Noncurrent Assets | Carrying Amount
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Cost method investments | 31 | 60 | ||||
| Total long-term financial assets | 395 | 1,372 | ||||
|
Noncurrent Assets | Fair Value
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Cost method investments | 25 | 63 | ||||
| Total long-term financial assets | 343 | 1,514 | ||||
|
Noncurrent Liabilities | Carrying Amount
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total long-term financial liabilities | (1,831) | (2,735) | ||||
|
Noncurrent Liabilities | Fair Value
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total long-term financial liabilities | $ (1,957) | $ (2,898) | ||||
|
||||||
| X | ||||||||||
|
- Definition
Total of all financial instruments that are assets. No definition available.
|
| X | ||||||||||
|
- Definition
Total of all financial instruments that are liabilities. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of long-term unsecured obligations issued by corporations and other borrowers to investors (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the aggregate carrying amount of all cost-method investments as reported on or included in the balance sheet. The original cost of the investments may differ from the aggregate carrying amount disclosed due to various adjustments such as: (i) dividends received in excess of earnings after the date of investment that are considered a return of investment and therefore recorded as reductions to cost of the investment, or (ii) a series of operating losses of an investee or other factors which may indicate that a decrease in value of the investment has occurred which is other than temporary and accordingly such decrease in value has been recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and which are expected to be extinguished or otherwise disposed of after one year or beyond the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total debt and equity financial instruments including: (1) securities held-to-maturity and (2) securities available-for-sale that will be held for the long-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of debt not otherwise defined (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash and equivalents whose use in whole or in part is restricted for the long-term, generally by contractual agreements or regulatory requirements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value of Financial Instruments - Additional Information (Detail) (USD $)
|
3 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
|
Sep. 09, 2011
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
| Marketable securities, other than temporary impairment | $ 18,000,000 | |||
| Other comprehensive loss, reclassification adjustment for write-down of securities included in net income, net of tax | 10,000,000 | (18,000,000) | 0 | |
| Timeshare strategy-impairment, operating and non-operating charges | 324,000,000 | 0 | 752,000,000 | |
|
Former Timeshare Segment
|
||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
| Timeshare strategy-impairment, operating and non-operating charges | 752,000,000 | |||
| Timeshare strategy impairment, operating and non-operating charges, net of tax | 234,000,000 | 502,000,000 | ||
|
Fair Value, Inputs, Level 1
|
||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
| Carrying value of our marketable securities | 50,000,000 | |||
|
Fair Value, Inputs, Level 3
|
||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
| Derivative instruments, long-term liability position | 0 | |||
|
Operating and Joint Venture Impairments | Former Timeshare Segment
|
||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
| Timeshare strategy-impairment, operating and non-operating charges | 324,000,000 | 685,000,000 | ||
| Timeshare strategy impairment, operating and non-operating charges, net of tax | $ 234,000,000 | |||
| X | ||||||||||
|
- Definition
Amount recognized as an operating and non-operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized, net of tax, as an operating and nonoperating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments. No definition available.
|
| X | ||||||||||
|
- Definition
Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and which are expected to be extinguished or otherwise disposed of after one year or beyond the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the amount of loss recognized for other than temporary impairments (OTTI) of investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reclassification adjustment for unrealized gains or losses realized upon the write-down of securities, after tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share Attributable to Marriott Shareholders (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Computation of Basic Earnings Per Share Attributable to Marriott Shareholders | |||
| Net income (loss) (in dollars) | $ 198 | $ 458 | $ (353) |
| Net losses attributable to noncontrolling interests | 0 | 0 | 7 |
| Net income (loss) attributable to Marriott shareholders (in dollars) | 198 | 458 | (346) |
| Weighted average shares outstanding | 350.1 | 362.8 | 356.4 |
| Basic earnings (losses) per share attributable to Marriott shareholders (in USD per share) | $ 0.56 | $ 1.26 | $ (0.97) |
| Computation of Diluted Earnings Per Share Attributable to Marriott Shareholders | |||
| Net income (loss) attributable to Marriott shareholders (in dollars) | $ 198 | $ 458 | $ (346) |
| Weighted average shares outstanding | 350.1 | 362.8 | 356.4 |
| Effect of dilutive securities | |||
| Shares for diluted earnings per share | 362.3 | 378.3 | 356.4 |
| Diluted earnings (losses) per share attributable to Marriott shareholders (in USD per share) | $ 0.55 | $ 1.21 | $ (0.97) |
|
Stock Option Program and Stock Appreciation Right Program
|
|||
| Effect of dilutive securities | |||
| Effect of dilutive securities | 8.0 | 11.0 | 0 |
|
Deferred Stock Incentive
|
|||
| Effect of dilutive securities | |||
| Effect of dilutive securities | 0.9 | 1.1 | 0 |
|
Restricted Stock Units
|
|||
| Effect of dilutive securities | |||
| Effect of dilutive securities | 3.3 | 3.4 | 0 |
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Earnings Per Share - Additional Information (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
|
AntiDilutive Due to Loss | Stock Option Program and Stock Appreciation Right Program
|
|||
| Earnings Per Share Disclosure [Line Items] | |||
| Securities not included in the calculation of diluted earnings per share (in shares) | 7.5 | ||
|
AntiDilutive Due to Loss | Deferred Stock Incentive
|
|||
| Earnings Per Share Disclosure [Line Items] | |||
| Securities not included in the calculation of diluted earnings per share (in shares) | 1.4 | ||
|
AntiDilutive Due to Loss | Restricted Stock Units
|
|||
| Earnings Per Share Disclosure [Line Items] | |||
| Securities not included in the calculation of diluted earnings per share (in shares) | 2.1 | ||
|
AntiDilutive Due to Exercise Price Greater Than Market Price | Stock Option Program and Stock Appreciation Right Program
|
|||
| Earnings Per Share Disclosure [Line Items] | |||
| Securities not included in the calculation of diluted earnings per share (in shares) | 4.1 | 2.4 | 12.3 |
|
AntiDilutive Due to Exercise Price Greater Than Market Price | Stock Option Program and Stock Appreciation Right Program | Lower Limit
|
|||
| Earnings Per Share Disclosure [Line Items] | |||
| Securities not included in the calculation of diluted earning per share because exercise prices exceeded market prices, exercise prices range (in USD per share) | $ 30.31 | $ 34.11 | $ 22.30 |
|
AntiDilutive Due to Exercise Price Greater Than Market Price | Stock Option Program and Stock Appreciation Right Program | Upper Limit
|
|||
| Earnings Per Share Disclosure [Line Items] | |||
| Securities not included in the calculation of diluted earning per share because exercise prices exceeded market prices, exercise prices range (in USD per share) | $ 46.21 | $ 49.03 | $ 49.03 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Exercise Price, stock options and SARs not included in the calculation of diluted earnings per share because exercise prices exceeded average market prices for the applicable periods. No definition available.
|
| X | ||||||||||
|
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Inventory - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
Dec. 30, 2011
Former Timeshare Segment
|
Jan. 01, 2010
Former Timeshare Segment
|
Dec. 31, 2010
Former Timeshare Segment
|
Dec. 30, 2011
Former Timeshare Segment
Inventory
|
Jan. 01, 2010
Former Timeshare Segment
Inventory
|
Nov. 20, 2011
Timeshare Segment Inventory [Member]
|
Dec. 31, 2010
Timeshare Segment Inventory [Member]
|
|
| Inventory Disclosure [Line Items] | ||||||||||
| Timeshare strategy-impairment charges | $ 324 | $ 0 | $ 614 | $ 324 | $ 614 | $ 256 | $ 529 | |||
| Timeshare strategy impairment, reclass | 57 | |||||||||
| Inventory | 11 | 1,489 | 1,472 | |||||||
| Inventory, hotel operating supplies for owned or leased properties | 17 | |||||||||
| Interest capitalized | $ 6 | $ 3 | ||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount recognized as an operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Definition
The reclassification of land parcels previously in the Timeshare segment's development plans from inventory to property and equipment. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of interest that was capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of inventories of a nature not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Composition of our Timeshare Segment Inventory Balances (Detail) (Former Timeshare Segment, USD $)
In Millions, unless otherwise specified |
Dec. 31, 2010
|
|---|---|
|
Former Timeshare Segment
|
|
| Finished goods | $ 732 |
| Work-in-process | 101 |
| Land and infrastructure | 639 |
| Inventory | $ 1,472 |
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date, net of valuation allowances and impairment losses, of costs of land expected to be developed in the near term plus capitalized costs of development, for purposes of selling completed units to home buyers or commercial or industrial entities.. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of real estate which is available for sale in the form of shared property ownership in which rights vest in several owners (buyers, timeshare holders) to use the property for a specified period each year (timeshare). Included in this item would be real estate assets in which timeshares are for sale, such as in condominiums at timeshare resorts. Excluded from this item would be assets, other than real estate, in which the Entity has sold or intends to sell timeshares, such as for cruises, recreational vehicles, campgrounds, aircraft (fractional ownership) and other types of rights. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Composition of our Property and Equipment Balances (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Property, Plant and Equipment [Line Items] | ||
| Property and equipment, gross | $ 2,095 | $ 2,556 |
| Accumulated depreciation | (927) | (1,249) |
| Property and equipment, net | 1,168 | 1,307 |
|
Land
|
||
| Property, Plant and Equipment [Line Items] | ||
| Property and equipment, gross | 454 | 514 |
|
Buildings and leasehold improvements
|
||
| Property, Plant and Equipment [Line Items] | ||
| Property and equipment, gross | 667 | 854 |
|
Furniture and equipment
|
||
| Property, Plant and Equipment [Line Items] | ||
| Property and equipment, gross | 810 | 984 |
|
Construction in progress
|
||
| Property, Plant and Equipment [Line Items] | ||
| Property and equipment, gross | $ 164 | $ 204 |
| X | ||||||||||
|
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Property and Equipment - Additional Information (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
Year
|
Dec. 31, 2010
|
Jan. 01, 2010
|
Dec. 30, 2011
Former Timeshare Segment
|
Dec. 31, 2010
Former Timeshare Segment
|
Jan. 01, 2010
Former Timeshare Segment
|
Dec. 31, 2010
Other Unallocated Corporate
|
Dec. 31, 2010
North American Limited-Service Segment
|
Dec. 30, 2011
Property and Equipment
|
Dec. 31, 2010
Property and Equipment
|
Jan. 01, 2010
Property and Equipment
|
Sep. 09, 2011
Property and Equipment
Former Timeshare Segment
|
Jan. 01, 2010
Property and Equipment
Former Timeshare Segment
|
|
| Property, Plant and Equipment [Line Items] | |||||||||||||
| Interest capitalized | $ 12 | $ 10 | $ 8 | ||||||||||
| Estimated useful lives, minimum (in years) | 3 | ||||||||||||
| Estimated useful lives, maximum (in years) | 40 | ||||||||||||
| Depreciation expense | 127 | 138 | 151 | ||||||||||
| Timeshare strategy-impairment charges | 324 | 0 | 614 | 324 | 614 | 68 | 64 | ||||||
| Timeshare strategy impairment, reclass | 57 | ||||||||||||
| Impairment of finite-lived intangible assets | 84 | ||||||||||||
| Impairment of long-lived assets to be disposed of | $ 13 | $ 14 | |||||||||||
| X | ||||||||||
|
- Definition
Amount recognized as an operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Definition
The reclassification of land parcels previously in the Timeshare segment's development plans from inventory to property and equipment. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long-lived assets held for abandonment, exchange or sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of interest that was capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The maximum useful life of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. No definition available.
|
| X | ||||||||||
|
- Definition
The minimum useful life of long lived, physical assets used in the normal conduct of business and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. No definition available.
|
|
Schedule of Capital Leased Assets (Details) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Property, Plant and Equipment [Line Items] | ||
| Capital leased assets, gross | $ 195 | $ 100 |
| Accumulated depreciation | (76) | (70) |
| Capital leased assets, net | 119 | 30 |
|
Land
|
||
| Property, Plant and Equipment [Line Items] | ||
| Capital leased assets, gross | 30 | 8 |
|
Building and Leasehold Improvements
|
||
| Property, Plant and Equipment [Line Items] | ||
| Capital leased assets, gross | 128 | 59 |
|
Furniture and equipment
|
||
| Property, Plant and Equipment [Line Items] | ||
| Capital leased assets, gross | 34 | 32 |
|
Construction in progress
|
||
| Property, Plant and Equipment [Line Items] | ||
| Capital leased assets, gross | $ 3 | $ 1 |
| X | ||||||||||
|
- Definition
Property, plant, or equipment held under lease agreements classified as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total gross amount less the charge for the use of the long-lived depreciable assets subject to a lease meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total charge for the use of long-lived depreciable assets subject to a lease meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Acquisitions and Dispositions - Additional Information (Detail)
|
1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Nov. 21, 2011
USD ($)
|
Dec. 30, 2011
USD ($)
|
Dec. 31, 2010
USD ($)
|
Jan. 01, 2010
USD ($)
|
Nov. 10, 2011
|
Dec. 31, 1999
|
Dec. 30, 2011
Leasehold Purchase
USD ($)
|
Dec. 30, 2011
Leasehold Purchase
EUR (€)
|
Dec. 30, 2011
Group 13
USD ($)
|
Nov. 21, 2011
Group 11
USD ($)
|
Dec. 30, 2011
Group 12
USD ($)
location
|
Dec. 31, 2010
Group 8
USD ($)
location
|
Dec. 31, 2010
Group 9
USD ($)
|
Jan. 01, 2010
Group 9
USD ($)
|
Dec. 31, 2010
Group 10
USD ($)
location
|
Dec. 31, 2010
Limited Service
Group 10
location
|
Dec. 31, 2010
Full Service
Group 10
location
|
Dec. 31, 2010
Variable Interest Entity, Not Primary Beneficiary
Limited Service
Group 10
location
|
Jan. 27, 2012
Property Plant and Equipment [Member]
Group 13
USD ($)
|
Dec. 30, 2011
Commitments
Within Three Years From Balance Sheet Date
USD ($)
Year
|
Dec. 30, 2011
Commitments
Within Three Years From Balance Sheet Date
EUR (€)
|
Dec. 30, 2011
Commitments
Group 4
USD ($)
Entity
Year
|
Dec. 30, 2011
Commitments
Group 4
EUR (€)
Year
|
|
| Significant Acquisitions and Disposals [Line Items] | |||||||||||||||||||||||
| Cash contributed for interest in operation, management and development of AC Hotels by Marriott | $ 51,000,000 | € 37,000,000 | |||||||||||||||||||||
| Acquisition interests in joint ventures | 50.00% | 50.00% | |||||||||||||||||||||
| Number of new joint ventures | 2 | 2 | |||||||||||||||||||||
| Contingent acquisition period (in years) | 9 | 9 | |||||||||||||||||||||
| Initial payment to acquire certain assets and a leasehold on a hotel | 34,000,000 | 25,000,000 | |||||||||||||||||||||
| Unfunded purchase commitments | 58,000,000 | 45,000,000 | |||||||||||||||||||||
| Number of years to acquire remaining interest | 3 | 3 | |||||||||||||||||||||
| Deposits in conjunction with commitments to purchase | 6,000,000 | 11,000,000 | |||||||||||||||||||||
| Capital expenditures | 183,000,000 | 307,000,000 | 147,000,000 | 160,000,000 | |||||||||||||||||||
| Spin-off distribution ratio, spinnee shares received | 1 | ||||||||||||||||||||||
| Spin-off distribution ratio, spinnor shares held | 10 | ||||||||||||||||||||||
| Gain (loss) recognized as a result of spin-off | 0 | ||||||||||||||||||||||
| Cash proceeds received | 17,000,000 | 1,000,000 | 114,000,000 | ||||||||||||||||||||
| Recorded net gain | 2,000,000 | (2,000,000) | 27,000,000 | ||||||||||||||||||||
| Hotel or property, ownership interest sold | 89.00% | 11.00% | |||||||||||||||||||||
| Number of properties sold | 1 | 2 | 1 | ||||||||||||||||||||
| Change in assets due to sale of interest | (19,000,000) | ||||||||||||||||||||||
| Change in liabilities due to sale of interest | 17,000,000 | ||||||||||||||||||||||
| Number of land parcels acquired for hotel development | 1 | ||||||||||||||||||||||
| Number of hotels acquired | 1 | ||||||||||||||||||||||
| Cash consideration paid | $ 175,000,000 | $ 112,000,000 | |||||||||||||||||||||
| Number of land parcels sold | 1 | ||||||||||||||||||||||
| Properties continued to operate under management agreement | 1 | 1 | |||||||||||||||||||||
| Properties that left system | 1 | ||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Hotel or Property, Ownership Interest Sold No definition available.
|
| X | ||||||||||
|
- Definition
Joint Venture Ownership Interest No definition available.
|
| X | ||||||||||
|
- Definition
Number of Hotels Acquired No definition available.
|
| X | ||||||||||
|
- Definition
Number of land parcels acquired for hotel development No definition available.
|
| X | ||||||||||
|
- Definition
Number of Land Parcels Sold No definition available.
|
| X | ||||||||||
|
- Definition
Number Of New Joint Ventures No definition available.
|
| X | ||||||||||
|
- Definition
Number of properties continued to operate under management agreements No definition available.
|
| X | ||||||||||
|
- Definition
Number of Properties Sold No definition available.
|
| X | ||||||||||
|
- Definition
Number of properties that left system No definition available.
|
| X | ||||||||||
|
- Definition
The number of years within which we are obligated to acquire the remaining interest. No definition available.
|
| X | ||||||||||
|
- Definition
Ownership Interest Purchase Contingency Term. No definition available.
|
| X | ||||||||||
|
- Definition
The unfunded amount of the purchase commitment. No definition available.
|
| X | ||||||||||
|
- Definition
Significant Acquisitions and Dispositions, Assets Sold, Carrying Value No definition available.
|
| X | ||||||||||
|
- Definition
Significant Acquisitions and Dispositions, Change in Liabilities, Carrying Value No definition available.
|
| X | ||||||||||
|
- Definition
Number of spinnee shares received by shareholders of spinnor in spin-off transaction, used to determine how many spinnee shares were distributed. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares held by shareholders of the spinnor, used to determine how many spinnee shares were distributed. No definition available.
|
| X | ||||||||||
|
- Definition
The loss or gain included in earnings during the period resulting from the disposal of an asset through a means other than through sale, such as abandonment, spin-off, and expropriation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash paid to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of an asset, typically cash, provided to a counterparty to provide certain assurance of performance by the entity pursuant to the terms of a written or oral agreement, such as a lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The value of all consideration given or received by the Entity in the significant acquisition or disposal. No definition available.
|
| X | ||||||||||
|
- Definition
The difference between the value of the consideration received by the Entity on the sale or disposal and the consideration received by the Entity, including any tax related impact. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Composition of Other Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Finite-Lived Intangible Assets [Line Items] | ||||||
| Contract acquisition costs and other | $ 1,239 | $ 1,145 | ||||
| Accumulated amortization | (393) | (377) | ||||
| Contract acquisition costs and other | $ 846 | [1] | $ 768 | [1] | ||
|
||||||
| X | ||||||||||
|
- Definition
The accumulated amount of amortization of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the gross carrying amounts before accumulated amortization as of the balance sheet date of all intangible assets having statutory or estimated useful lives. The aggregate gross carrying amount (including any previously recognized impairment charges) of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Carrying Amount of Goodwill (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|---|---|---|---|
| Goodwill [Line Items] | |||
| Goodwill | $ 929 | $ 929 | $ 929 |
| Accumulated impairment losses | (54) | (54) | (54) |
| Goodwill, net | $ 875 | $ 875 | $ 875 |
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount, as of the balance sheet date, of the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable), in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The accumulated impairment losses related to goodwill as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Goodwill and Intangible Assets - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
Year
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Finite-Lived Intangible Assets [Line Items] | |||
| Range of amortization life of intangible assets - minimum (in years) | 15 | ||
| Range of amortization life of intangible assets - maximum (in years) | 30 | ||
| Aggregate amortization expense of intangible assets | $ 41 | $ 40 | $ 34 |
| Estimated aggregate future amortization expense of intangible assets for 2012 | 41 | ||
| Estimated aggregate future amortization expense of intangible assets for 2013 | 37 | ||
| Estimated aggregate future amortization expense of intangible assets for 2014 | 36 | ||
| Estimated aggregate future amortization expense of intangible assets for 2015 | 36 | ||
| Estimated aggregate future amortization expense of intangible assets for 2016 | $ 36 | ||
| X | ||||||||||
|
- Definition
Aggregate amount of intangible asset amortization recognized as expense during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The maximum useful life of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The minimum useful life of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of amortization expense expected to be recognized during year five of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of amortization expense expected to be recognized during year four of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of amortization expense expected to be recognized during year one of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of amortization expense expected to be recognized during year three of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of amortization expense expected to be recognized during year two of the five succeeding fiscal years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Composition of our Notes Receivable Balances (Net of Reserves) (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Total notes receivable | $ 382 | $ 1,444 | ||||
| Notes receivable | 298 | [1] | 1,264 | [1] | ||
|
Loans to timeshare owners
|
||||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Notes receivable | 0 | 1,080 | ||||
|
Loans to timeshare owners | Securitized Notes Receivable
|
||||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Total notes receivable | 0 | 1,028 | ||||
| Current notes receivable | 0 | (118) | ||||
|
Loans to timeshare owners | Nonsecuritized Notes Receivable
|
||||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Total notes receivable | 0 | 225 | ||||
| Current notes receivable | 0 | (55) | ||||
|
Senior, Mezzanine and Other Loans | Nonsecuritized Notes Receivable
|
||||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Total notes receivable | 382 | 191 | ||||
| Current notes receivable | $ (84) | $ (7) | ||||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, an amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Composition of Long Term Notes Receivable Balances (Net of Reserves and Unamortized Discounts) (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Notes receivable | $ 298 | [1] | $ 1,264 | [1] | ||
|
Loans to timeshare owners
|
||||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Notes receivable | 0 | 1,080 | ||||
|
Loans to equity method investees
|
||||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Notes receivable | 2 | 2 | ||||
|
Other notes receivable
|
||||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Notes receivable | $ 296 | $ 182 | ||||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts) and Interest Rates (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| 2012 | $ 84 | |
| 2013 | 50 | |
| 2014 | 35 | |
| 2015 | 23 | |
| 2016 | 44 | |
| Thereafter | 146 | |
| Total notes receivable | $ 382 | $ 1,444 |
| Weighted average interest rate | 4.30% | |
| Range of stated interest rates, minimum | 0.00% | |
| Range of stated interest rates, maximum | 12.90% |
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable After Year Five No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Five No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Four No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Three No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Two No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable Within Year One No definition available.
|
| X | ||||||||||
|
- Definition
Upper limit of range of stated interest rates for total notes receivable as of the balance sheet date indicated. No definition available.
|
| X | ||||||||||
|
- Definition
Lower limit of range of stated interest rates for total notes receivable as of the balance sheet date indicated. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average interest rate for total notes receivable as of the balance sheet date indicated. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, an amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Notes Receivable Reserves (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Financing Receivable, Allowance for Credit Losses [Line Items] | ||
| Notes Receivable Reserves Balance | $ 78 | $ 292 |
|
Nonsecuritized Notes Receivable
|
||
| Financing Receivable, Allowance for Credit Losses [Line Items] | ||
| Notes Receivable Reserves Balance | 78 | 203 |
|
Securitized Notes Receivable
|
||
| Financing Receivable, Allowance for Credit Losses [Line Items] | ||
| Notes Receivable Reserves Balance | $ 0 | $ 89 |
| X | ||||||||||
|
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Notes Receivable Unamortized Discounts (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
| Notes Receivable Unamortized Discounts Balance | $ 12 | [1] | $ 13 | [1] | ||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Disclosure of the unamortized amount of the discount on the note or receivable which is deducted from the face amount of the receivable or loan. The discount or premium is the difference between the present value and the face amount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Notes Receivable - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
Dec. 30, 2011
Securitized Notes Receivable
|
Dec. 31, 2010
Securitized Notes Receivable
|
Dec. 30, 2011
Nonsecuritized Notes Receivable
|
Dec. 31, 2010
Nonsecuritized Notes Receivable
|
Dec. 30, 2011
Interest Income
|
Dec. 31, 2010
Interest Income
|
Jan. 01, 2010
Interest Income
|
Dec. 30, 2011
Interest Income
Securitized Notes Receivable
|
Dec. 31, 2010
Interest Income
Securitized Notes Receivable
|
Dec. 30, 2011
Interest Income
Nonsecuritized Notes Receivable
|
Dec. 31, 2010
Interest Income
Nonsecuritized Notes Receivable
|
Dec. 30, 2011
Senior, Mezzanine and Other Loans
|
Dec. 31, 2010
Senior, Mezzanine and Other Loans
|
Jan. 01, 2010
Senior, Mezzanine and Other Loans
|
Jan. 02, 2009
Senior, Mezzanine and Other Loans
|
Dec. 30, 2011
Senior, Mezzanine and Other Loans
Impaired Financing Receivables with No Related Allowance
|
Dec. 31, 2010
Senior, Mezzanine and Other Loans
Impaired Financing Receivables with No Related Allowance
|
Dec. 30, 2011
Loans to timeshare owners
|
Dec. 31, 2010
Loans to timeshare owners
|
Jan. 01, 2010
Loans to timeshare owners
|
Jan. 02, 2009
Loans to timeshare owners
|
Dec. 30, 2011
Loans to timeshare owners
Securitized Notes Receivable
|
Dec. 31, 2010
Loans to timeshare owners
Securitized Notes Receivable
|
Jan. 01, 2010
Loans to timeshare owners
Securitized Notes Receivable
|
Jan. 02, 2009
Loans to timeshare owners
Securitized Notes Receivable
|
Dec. 30, 2011
Loans to timeshare owners
Nonsecuritized Notes Receivable
|
Dec. 31, 2010
Loans to timeshare owners
Nonsecuritized Notes Receivable
|
Jan. 01, 2010
Loans to timeshare owners
Nonsecuritized Notes Receivable
|
Jan. 02, 2009
Loans to timeshare owners
Nonsecuritized Notes Receivable
|
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||||||||||||||||||||||||||||
| Investment in impaired loans | $ 96 | $ 83 | $ 18 | $ 9 | ||||||||||||||||||||||||||||
| Notes receivable reserve representing an allowance for credit losses | 78 | 292 | 0 | 89 | 78 | 203 | 78 | 74 | 183 | 113 | 0 | 218 | 27 | 35 | 0 | 89 | 0 | 0 | 0 | 129 | 27 | 35 | ||||||||||
| Average investment in impaired loans | 89 | 137 | ||||||||||||||||||||||||||||||
| Notes receivable, past due | 8 | |||||||||||||||||||||||||||||||
| Timeshare sales and services | $ 1,088 | $ 1,221 | $ 1,123 | $ 143 | $ 187 | $ 46 | $ 116 | $ 147 | $ 27 | $ 40 | ||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Recorded Investment in financing receivables that are past due at the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average recorded investment related to impaired financing receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The recorded investment related to impaired financing receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenue associated with the selling of time shares, a form of property ownership under which a property is held by a number of people, each with a right of possession for a specified time interval. Time sharing is most commonly applied to resort and vacation properties; also known as vacation interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Activity Related to "Senior, mezzanine, and other loans" Notes Receivable Reserve (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
| Ending balance | $ 78 | $ 292 | |
|
Senior, Mezzanine and Other Loans
|
|||
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
| Beginning balance | 74 | 183 | 113 |
| Additions | 2 | 4 | 84 |
| Write-offs | (120) | (28) | |
| Reversals | (7) | ||
| Transfers and other | 9 | 7 | 14 |
| Ending balance | $ 78 | $ 74 | $ 183 |
| X | ||||||||||
|
- Definition
Financing receivable allowance for credit losses, other adjustments No definition available.
|
| X | ||||||||||
|
- Definition
Reduction to the allowance for credit losses related to improved cash flows of underlying property. No definition available.
|
| X | ||||||||||
|
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Charge to expense for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Reduction to the allowance for credit losses related to financing receivables deemed uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Activity Related to "Loans to timeshare owners" Notes Receivable Reserve (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|||||||||
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||||||||
| Ending balance | $ 78 | $ 292 | |||||||||
|
Loans to timeshare owners
|
|||||||||||
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||||||||
| Beginning balance | 218 | 27 | 35 | ||||||||
| Additions for current year securitizations and contract sales | 26 | 32 | 5 | ||||||||
| Additions for new securitizations, net of clean-up call | 0 | ||||||||||
| Write-offs | (67) | (79) | (13) | ||||||||
| One-time impact of the new Transfers of Financial Assets and Consolidation standards | 219 | [1] | |||||||||
| Defaulted note repurchase activity | 0 | [2] | 0 | ||||||||
| Other | 0 | [3] | 19 | ||||||||
| Transfer due to spin-off | (177) | ||||||||||
| Ending balance | 0 | 218 | 27 | ||||||||
|
Nonsecuritized Notes Receivable
|
|||||||||||
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||||||||
| Ending balance | 78 | 203 | |||||||||
|
Nonsecuritized Notes Receivable | Loans to timeshare owners
|
|||||||||||
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||||||||
| Beginning balance | 129 | 27 | 35 | ||||||||
| Additions for current year securitizations and contract sales | 26 | 32 | 5 | ||||||||
| Additions for new securitizations, net of clean-up call | (18) | ||||||||||
| Write-offs | (67) | (79) | (13) | ||||||||
| One-time impact of the new Transfers of Financial Assets and Consolidation standards | 84 | [1] | |||||||||
| Defaulted note repurchase activity | 43 | [2] | 68 | ||||||||
| Other | (12) | [3] | 15 | ||||||||
| Transfer due to spin-off | (107) | ||||||||||
| Ending balance | 0 | 129 | 27 | ||||||||
|
Securitized Notes Receivable
|
|||||||||||
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||||||||
| Ending balance | 0 | 89 | |||||||||
|
Securitized Notes Receivable | Loans to timeshare owners
|
|||||||||||
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||||||||
| Beginning balance | 89 | 0 | 0 | ||||||||
| Additions for current year securitizations and contract sales | 0 | 0 | 0 | ||||||||
| Additions for new securitizations, net of clean-up call | 18 | ||||||||||
| Write-offs | 0 | 0 | 0 | ||||||||
| One-time impact of the new Transfers of Financial Assets and Consolidation standards | 135 | [1] | |||||||||
| Defaulted note repurchase activity | (43) | [2] | (68) | ||||||||
| Other | 12 | [3] | 4 | ||||||||
| Transfer due to spin-off | (70) | ||||||||||
| Ending balance | $ 0 | $ 89 | $ 0 | ||||||||
|
|||||||||||
| X | ||||||||||
|
- Definition
Financing receivable allowance for credit losses, impact of change in accounting principle No definition available.
|
| X | ||||||||||
|
- Definition
Financing Receivable Allowance For Credit Losses New Provisions Net Of Clean-up Call No definition available.
|
| X | ||||||||||
|
- Definition
Financing receivable allowance for credit losses, other adjustments No definition available.
|
| X | ||||||||||
|
- Definition
Financing receivable allowance for credit losses, repurchase activity No definition available.
|
| X | ||||||||||
|
- Definition
Financing Receivable, Allowance for Credit Losses, Transfer Due to Spin-off No definition available.
|
| X | ||||||||||
|
- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Charge to expense for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Reduction to the allowance for credit losses related to financing receivables deemed uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Securitized and Non-Securitized Loans to Timeshare Owners, Loans on Nonaccrual Status (Detail) (Loans to timeshare owners, USD $)
In Millions, unless otherwise specified |
12 Months Ended |
|---|---|
|
Dec. 31, 2010
|
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Investment in loans on nonaccrual status | $ 128 |
| Average investment in loans on non-accrual status | 121 |
|
Nonsecuritized Notes Receivable
|
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Investment in loans on nonaccrual status | 113 |
| Average investment in loans on non-accrual status | 113 |
|
Securitized Notes Receivable
|
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Investment in loans on nonaccrual status | 15 |
| Average investment in loans on non-accrual status | $ 8 |
| X | ||||||||||
|
- Definition
Average of recorded investment in financing receivables that are on nonaccrual status during each period. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Recorded investment in financing receivables that are on nonaccrual status as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Cash Flows Between the Company and Investors (Detail) (Former Timeshare Segment, USD $)
In Millions, unless otherwise specified |
11 Months Ended | 12 Months Ended | |
|---|---|---|---|
|
Nov. 20, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
|
Former Timeshare Segment
|
|||
| Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
| Net proceeds to us from timeshare note securitizations | $ 122 | $ 215 | $ 349 |
| Voluntary repurchases by us of defaulted notes (over 150 days overdue) | 64 | 93 | 81 |
| Servicing fees received by us | 6 | ||
| Cash flows received from our retained interests | $ 75 | ||
| X | ||||||||||
|
- Definition
Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash Flows between a transferor and a transferee attributable to purchases of previously transferred financial assets (or its underlying collateral) related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash flows between transferor and a transferee attributable to the transferor's interests related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor will have continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash Flows between a transferee and a transferor attributable to servicing fees related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Asset Securitizations - Additional Information (Details) (Former Timeshare Segment, USD $)
In Millions, unless otherwise specified |
11 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
|
Nov. 20, 2011
|
Dec. 31, 2010
transaction
|
Jan. 01, 2010
transaction
|
Dec. 30, 2009
days
|
|
| Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | ||||
| Number of days overdue at which notes are considered to be in default | 150 | |||
| Securitized notes receivable | $ 229 | $ 446 | ||
| New note securitization transactions | 1 | 2 | ||
| Trust notes issued by transaction-specific trust simultaneous with purchase of notes receivable | 218 | 522 | ||
| Net gains from the sales of timeshare notes receivable | 0 | 37 | ||
| Net proceeds from new timeshare note sales | 122 | 215 | 349 | |
|
Group 1
|
||||
| Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | ||||
| Securitized notes receivable | 284 | |||
|
Group 2
|
||||
| Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | ||||
| Securitized notes receivable | 380 | |||
| Resecuritized reacquired notes receivable previously securitized in the previous note sale transaction | $ 218 | |||
| X | ||||||||||
|
- Definition
Number of Days Overdue at which Notes are Considered to be in Default No definition available.
|
| X | ||||||||||
|
- Definition
Number of Note Securitization Transactions No definition available.
|
| X | ||||||||||
|
- Definition
Securities Issued by Securitization Special Purpose Entities No definition available.
|
| X | ||||||||||
|
- Definition
Securitized Notes Receivable No definition available.
|
| X | ||||||||||
|
- Definition
Securitized Notes Receivable, Repurchased and Resecuritized No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects, by transferred financial asset type, the amount of sales proceeds in excess of or deficient from the sum of the carrying amounts of transferred financial assets plus transaction costs, including those transactions in which the seller/transferor has continuing involvement with the financial assets that have been transferred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Long-Term Debt (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|||
|---|---|---|---|---|---|
| Debt Instrument [Line Items] | |||||
| Long-term debt | $ 2,171 | ||||
| Less current portion | (355) | (138) | |||
| Long-term debt, noncurrent | 1,816 | 2,691 | |||
|
Non Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Long-term debt | 0 | 1,016 | |||
| Less current portion | 0 | (126) | |||
| Long-term debt, noncurrent | 0 | 890 | |||
|
Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Commercial paper, average interest rate of 0.4407% at December 30, 2011 | 331 | 0 | |||
| $1,750 Credit Facility | 0 | 0 | |||
| Other long-term debt | 206 | 182 | |||
| Long-term debt | 2,171 | 1,813 | |||
| Less current portion | (355) | (12) | |||
| Long-term debt, noncurrent | 1,816 | 1,801 | |||
|
Series F, Senior Notes 4.625% Due June 15, 2012 | Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Senior Notes | 348 | [1] | 348 | ||
| Debt instrument, stated interest rate | 4.625% | ||||
| Senior Notes, face amount | 348 | ||||
| Senior Notes, effective interest rate | 5.01% | ||||
|
Series G, Senior Notes 5.810% Due November 10, 2015 | Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Senior Notes | 307 | [1] | 304 | ||
| Debt instrument, stated interest rate | 5.81% | ||||
| Senior Notes, face amount | 316 | ||||
| Senior Notes, effective interest rate | 6.52% | ||||
|
Series H, Senior Notes 6.200% Due June 15, 2016 | Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Senior Notes | 289 | [1] | 289 | ||
| Debt instrument, stated interest rate | 6.20% | ||||
| Senior Notes, face amount | 289 | ||||
| Senior Notes, effective interest rate | 6.28% | ||||
|
Series I, Senior Notes 6.375% Due June 15, 2017 | Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Senior Notes | 291 | [1] | 291 | ||
| Debt instrument, stated interest rate | 6.375% | ||||
| Senior Notes, face amount | 293 | ||||
| Senior Notes, effective interest rate | 6.43% | ||||
|
Series J, Senior Notes 5.625% Due February 15, 2013 | Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Senior Notes | 399 | [1] | 399 | ||
| Debt instrument, stated interest rate | 5.625% | ||||
| Senior Notes, face amount | $ 400 | ||||
| Senior Notes, effective interest rate | 5.69% | ||||
|
Commercial Paper | Recourse Debt
|
|||||
| Debt Instrument [Line Items] | |||||
| Long-term debt, average interest rate | 0.4407% | ||||
|
|||||
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of long-term unsecured obligations issued by corporations and other borrowers to investors (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date. May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of long-term debt outstanding by type or by instrument at that time. No definition available.
|
| X | ||||||||||
|
- Definition
Including both current and noncurrent portions, carrying amount as of the balance sheet date of other forms of debt not elsewhere specified in the taxonomy with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Long-Term Debt - Additional Information (Detail) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Debt Instrument [Line Items] | |||
| Multicurrency revolving credit agreement, aggregate effective borrowings | $ 1,750,000,000 | ||
| Repurchase of Senior Notes, principal amount | 122,000,000 | ||
| Repurchase of Senior Notes, gain | 21,000,000 | ||
| Repurchase of Senior Notes, acquired debt's purchase price | 98,000,000 | ||
| Repurchase of Senior Notes, carrying amount | 0 | 0 | 119,000,000 |
| Repurchase of Senior Notes, weighted average interest rate on the senior debt | 6.80% | ||
| Cash paid for interest, net of amounts capitalized | 130,000,000 | 148,000,000 | 96,000,000 |
|
Securitized Notes Receivable | Performance Triggers
|
|||
| Debt Instrument [Line Items] | |||
| Cash flows redirected as a result of reaching performance triggers | $ 2,000,000 | $ 6,000,000 | $ 17,000,000 |
| X | ||||||||||
|
- Definition
Extinguishment of Debt, Principal Amount No definition available.
|
| X | ||||||||||
|
- Definition
Extinguishment of Debt, Weighted Average Interest Rate No definition available.
|
| X | ||||||||||
|
- Definition
Decrease for amounts repaid on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cash outflow for the extinguishment of long-term borrowing, with the highest claim on the assets of the entity in case of bankruptcy or liquidation, before its maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount of debt extinguished. No definition available.
|
| X | ||||||||||
|
- Definition
Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Debt Principal Payments (Net of Unamortized Discounts) (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
|---|---|
| Debt Instrument [Line Items] | |
| 2012 | $ 355 |
| 2013 | 409 |
| 2014 | 62 |
| 2015 | 316 |
| 2016 | 629 |
| Thereafter | 400 |
| Long-term debt | $ 2,171 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date. May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturities after year five following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturing within the next twelve months following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturing in year five following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturing in year four following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturing in year three following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt maturing in year two following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Unamortized Debt Discounts (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Debt Instrument [Line Items] | ||
| Unamortized discount balance | $ 12 | $ 16 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Self-Insurance Reserve for Losses and Loss Adjustment Expenses (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |
|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
|
| Other Liabilities [Line Items] | ||
| Balance at beginning of year | $ 313 | $ 304 |
| Less: reinsurance recoverable | (7) | (9) |
| Net balance at beginning of year | 306 | 295 |
| Incurred related to: | ||
| Current year | 117 | 114 |
| Prior year | (9) | (8) |
| Total incurred | 108 | 106 |
| Paid related to: | ||
| Current year | (32) | (38) |
| Prior year | (57) | (57) |
| Total paid | (89) | (95) |
| Net balance at end of year | 325 | 306 |
| Add: reinsurance recoverable | 5 | 7 |
| Balance at end of year | $ 330 | $ 313 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Total amount of payments made during the reporting period to settle insured claims and pay costs incurred in the claims settlement process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of payments made in the reporting period to settle claims incurred in the current period and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of payments made in the reporting period to settle claims incurred in prior periods and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated cost of settling claims under the terms of the underlying insurance policies and assumed and ceded insurance contracts as of the balance sheet date, including an estimate for claims which have been incurred but not reported and the actual and estimated costs of settling claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total provision in the period for claims incurred and costs incurred in the claim settlement process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of provision in the period for claims incurred in the reporting period and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of provision in the period for claims incurred in prior reporting periods and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Liability as of the balance sheet date for amounts representing estimated cost of settling unpaid claims under the terms of the underlying insurance policies, less estimated reinsurance recoveries on such claims. This includes an estimate for claims which have been incurred but not reported. Claim adjustment expenses represent the costs estimated to be incurred in the settlement of unpaid claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Self-Insurance Reserve for Losses and Loss Adjustment Expenses - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Other Liabilities [Line Items] | |||
| Decrease in provision for unpaid loss and loss adjustment expenses | $ 9 | $ 8 | |
| Self-insurance reserve | 330 | 313 | 304 |
| Self-insurance reserve, current portion | 99 | 98 | |
| Self-insurance reserve, long-term portion | $ 231 | $ 215 | |
| X | ||||||||||
|
- Definition
Liability for Unpaid Claims and Claims Adjustment Expense, Gross, Current No definition available.
|
| X | ||||||||||
|
- Definition
Liability for Unpaid Claims and Claims Adjustment Expense, Gross, Noncurrent No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The estimated cost of settling claims under the terms of the underlying insurance policies and assumed and ceded insurance contracts as of the balance sheet date, including an estimate for claims which have been incurred but not reported and the actual and estimated costs of settling claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of provision in the period for claims incurred in prior reporting periods and related claims settlement costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Shareholders' Equity - Additional Information (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
Dec. 30, 2009
|
Jan. 02, 2009
|
|---|---|---|---|---|
| Stockholders Equity Note [Line Items] | ||||
| Class A Common Stock, authorized (in shares) | 800 | |||
| Class A Common Stock, par value (per share) | $ 0.01 | |||
| Preferred stock, authorized (in shares) | 10 | |||
| Class A Common Stock, outstanding (in shares) | 333.0 | 366.9 | 358.2 | 353.4 |
| Preferred stock, outstanding (in shares) | 0 | |||
| Accumulated other comprehensive income (loss) | $ (48) | $ (2) | ||
| Accumulated other comprehensive income (loss), currency translation adjustments | (35) | (4) | ||
| Accumulated other comprehensive income (loss), available-for-sale securities adjustment | (3) | |||
| Accumulated other comprehensive income (loss), cash flow hedges | (18) | 2 | ||
| Accumulated other comprehensive income (loss), reclassification adjustments, net of tax | $ 8 |
| X | ||||||||||
|
- Definition
Accumulated Other Comprehensive Income (Loss), Reclassification Adjustments, Net of Tax No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Accumulated appreciation or loss, net of tax, in value of the total of available-for-sale securities at the end of an accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Contingencies - Additional Information (Detail)
In Millions, unless otherwise specified |
12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
USD ($)
|
Dec. 30, 2011
Within Three Years From Balance Sheet Date
USD ($)
Year
|
Dec. 30, 2011
One Year from Balance Sheet Date
USD ($)
|
Dec. 30, 2011
More than One and within Two Years from Balance Sheet Date
USD ($)
|
Dec. 30, 2011
More than Two and within Three Years from Balance Sheet Date
USD ($)
|
Dec. 30, 2011
Lower Limit
|
Dec. 30, 2011
Upper Limit
|
Dec. 30, 2011
Line of Credit Facility
USD ($)
|
Dec. 30, 2011
Outside Effective Credit Facility
USD ($)
|
Dec. 30, 2011
Lodging Properties Commitments
USD ($)
|
Dec. 30, 2011
Lodging Properties Commitments
Within Three Years From Balance Sheet Date
USD ($)
Year
|
Dec. 30, 2011
Lodging Properties Commitments
More than Five Years from Balance Sheet Date and Thereafter
USD ($)
Year
|
Dec. 30, 2011
Primary Obligor
USD ($)
|
Dec. 30, 2011
Primary Obligor
Guarantee, Operating Profit
USD ($)
|
Dec. 30, 2011
Primary Obligor
Guarantee, Operating Profit
Not Yet In Effect Condition
USD ($)
|
Dec. 30, 2011
Primary Obligor
Guarantee, Indebtedness of Others
USD ($)
|
Dec. 30, 2011
Primary Obligor
Guarantee, Indebtedness of Others
Not Yet In Effect Condition
USD ($)
|
Dec. 30, 2011
Secondarily Liable
USD ($)
|
Dec. 30, 2011
Secondarily Liable
Debt Securities Payable
USD ($)
|
Dec. 30, 2011
Sunrise Senior Living Inc
Secondarily Liable
Within Two Years From Balance Sheet Date
USD ($)
|
Dec. 30, 2011
Sunrise Senior Living Inc
Secondarily Liable
Property Lease Guarantee
USD ($)
|
Dec. 30, 2011
Sunrise Senior Living Inc
Secondarily Liable
Property Lease Guarantee
More than Two and Within Seven Years from Balance Sheet Date [Member]
USD ($)
Year
|
Dec. 30, 2011
Sunrise Senior Living Inc
Secondarily Liable
Debt Securities Payable
USD ($)
|
Dec. 30, 2011
CNL Retirement Properties Inc
Secondarily Liable
Debt Securities Payable
USD ($)
|
Dec. 30, 2011
Five Star Senior Living
Secondarily Liable
Debt Securities Payable
USD ($)
|
Dec. 30, 2011
Renaissance Hotel Group N.V.
Secondarily Liable
Property Lease Guarantee
USD ($)
|
Dec. 30, 2011
Renaissance Hotel Group N.V.
Secondarily Liable
Property Lease Guarantee
EUR (€)
|
Sep. 09, 2005
Renaissance Hotel Group N.V.
Secondarily Liable
Property Lease Guarantee
EUR (€)
|
Dec. 30, 2011
MVW Spin-off
Secondarily Liable
USD ($)
|
Dec. 30, 2011
MVW Spin-off
Secondarily Liable
Expiration in 2021
USD ($)
Contract
|
Dec. 30, 2011
MVW Spin-off
Secondarily Liable
Expiration in 2021
SGD
|
Dec. 30, 2011
Project Two
Project Completion Guarantee
USD ($)
|
Dec. 30, 2011
Project Two
Project Completion Guarantee
CAD
|
Dec. 30, 2011
Other Current Liabilities
Primary Obligor
USD ($)
|
Dec. 30, 2011
Other Long Term Liabilities
Primary Obligor
USD ($)
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 2
Upper Limit
USD ($)
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 2
Upper Limit
EUR (€)
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 3
Upper Limit
USD ($)
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 4
USD ($)
Entity
Year
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 4
EUR (€)
Entity
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 4
One Year from Balance Sheet Date
EUR (€)
|
Dec. 30, 2011
Investment in Fund to Purchase or Develop Hotels Commitment
USD ($)
|
Dec. 30, 2011
Real Estate Investment
Within Three Years From Balance Sheet Date
EUR (€)
Year
|
Dec. 30, 2011
Real Estate Investment
One Year from Balance Sheet Date
USD ($)
|
Dec. 30, 2011
Real Estate Investment
More than One and within Two Years from Balance Sheet Date
USD ($)
Year
|
Dec. 30, 2011
Real Estate Investment
Upper Limit
Within Two Years From Balance Sheet Date
USD ($)
|
Dec. 30, 2011
Commitments
Within Three Years From Balance Sheet Date
USD ($)
Year
|
Dec. 30, 2011
Commitments
Within Three Years From Balance Sheet Date
EUR (€)
|
Dec. 30, 2011
Key Bank
Letter of Credit
Sunrise Senior Living Inc
Secondarily Liable
Property Lease Guarantee
More than Two and Within Seven Years from Balance Sheet Date [Member]
USD ($)
|
Dec. 30, 2011
Full Service and Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Within Three Years From Balance Sheet Date
Year
|
Dec. 30, 2011
Full Service and Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Upper Limit
Within Three Years From Balance Sheet Date
USD ($)
|
Dec. 30, 2011
Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
USD ($)
|
Dec. 30, 2011
Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Upper Limit
USD ($)
|
Dec. 30, 2011
Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Upper Limit
Within Three Years From Balance Sheet Date
USD ($)
Year
|
|
| Commitments and Contingencies Disclosure [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Funding guarantees term (in years) | 4 years | 10 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liability for expected future fundings | $ 59 | $ 48 | $ 7 | $ 9 | $ 50 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Maximum potential amount of future fundings | 210 | 119 | 11 | 74 | 16 | 171 | 39 | 132 | 6 | 32 | 1 | 41 | 27 | 35 | 498 | 508 | ||||||||||||||||||||||||||||||||||||||
| Cash collateral in the event funding is required | 3 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Length of operating lease extension (in years) | 5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Letter of credit provided by Sunrise, amount available | 85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Collateral for continuing lease obligation contingency, future minimum annual payments due | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual rent payments, approximately | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Remaining rent payments, approximately | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Guarantee obligations, cash collateralized | 6 | 5 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of guarantees provided | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Guarantee obligations, carrying value | 2 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pro rata ownership in the joint venture | 10.00% | 49.00% | 20.00% | 20.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment commitment | 7 | 4 | 11 | 7 | 24 | 20 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Number of years expected to fund | 2 | 3 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment commitments not expected to be funded | 26 | 20 | 7 | 1 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Loan commitments that we have extended to owners of lodging properties | 5 | 4 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of years expected to expire | 3 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisition interests in joint ventures | 50.00% | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of new joint ventures | 2 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contingent acquisition period (in years) | 9 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits in conjunction with contingent obligation to acquire the interest in joint ventures | 12 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Expected deposits for contingent joint venture acquisition | 6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Unfunded purchase commitments | 45 | 58 | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of years to acquire remaining interest | 3 | 3 | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchase commitments, funded and unfunded | 95 | 47 | 46 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchase commitments, term | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Letters of credit outstanding | 65 | 1 | 64 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Surety bonds issued | $ 108 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Cash Collateralized for Guarantee Obligations No definition available.
|
| X | ||||||||||
|
- Definition
Collateral for Continuing Lease Obligation Contingency, Future Minimum Payments Due, Annual No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Deposits made in conjunction with a contingent obligation to acquire our joint venture partner's remaining interest. These deposits are refundable to the extent we do not acquire our joint venture partner's remaining interests. No definition available.
|
| X | ||||||||||
|
- Definition
Deposits we expect to make in conjunction with a contingent obligation to acquire our joint venture partner's remaining interest. These deposits are refundable to the extent we do not acquire our joint venture partner's remaining interests. No definition available.
|
| X | ||||||||||
|
- Definition
Expected Undisbursed Investment Commitments Amount No definition available.
|
| X | ||||||||||
|
- Definition
The carrying amount of the liability for expected future funding as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of cash collateral as of the balance sheet date that CTF Holdings Ltd. made available in the event that Marriott is required to fund under these guarantees. No definition available.
|
| X | ||||||||||
|
- Definition
Commitments to invest. No definition available.
|
| X | ||||||||||
|
- Definition
Line of Credit Facility Provided by Third Party, Current Borrowing Capacity No definition available.
|
| X | ||||||||||
|
- Definition
Loan commitments that we have extended to owners of lodging properties. No definition available.
|
| X | ||||||||||
|
- Definition
Number of Guarantees Provided No definition available.
|
| X | ||||||||||
|
- Definition
Number Of New Joint Ventures No definition available.
|
| X | ||||||||||
|
- Definition
The number of years within which we are obligated to acquire the remaining interest. No definition available.
|
| X | ||||||||||
|
- Definition
The number of years after or within which a commitment is expected to expire. No definition available.
|
| X | ||||||||||
|
- Definition
The number of years within which we expect to fund a commitment. No definition available.
|
| X | ||||||||||
|
- Definition
Operating Lease Extension, Term No definition available.
|
| X | ||||||||||
|
- Definition
Ownership Interest Purchase Contingency Term. No definition available.
|
| X | ||||||||||
|
- Definition
Total purchase commitment, which includes both the funded and unfunded commitment amounts. No definition available.
|
| X | ||||||||||
|
- Definition
Purchase Commitments, Term No definition available.
|
| X | ||||||||||
|
- Definition
The unfunded amount of the purchase commitment. No definition available.
|
| X | ||||||||||
|
- Definition
The remaining joint venture interest that we have a right and under certain circumstances an obligation to acquire. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of surety bonds issued as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The current carrying amount of the liability for the freestanding or embedded guarantor's obligations under the guarantee or each group of similar guarantees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Describe the approximate term of the guarantee or each group of similar guarantees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
| X | ||||||||||
|
- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within one year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Maximum Potential Amount of Future Fundings as the Primary Obligor for Guarantees and the Liability for Expected Future Fundings (Detail) (Primary Obligor, USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
|---|---|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | $ 210 |
| Liability for Expected Future Fundings | 59 |
|
Guarantee, Indebtedness of Others
|
|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 74 |
| Liability for Expected Future Fundings | 7 |
|
Guarantee, Operating Profit
|
|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 119 |
| Liability for Expected Future Fundings | 48 |
|
Guarantee, Other
|
|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 17 |
| Liability for Expected Future Fundings | $ 4 |
| X | ||||||||||
|
- Definition
The current carrying amount of the liability for the freestanding or embedded guarantor's obligations under the guarantee or each group of similar guarantees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Business Segments - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
11 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
|
Nov. 20, 2011
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Segment Reporting Disclosure [Line Items] | ||||
| Number of business segments | 4 | |||
| Revenues | $ 12,317 | $ 11,691 | $ 10,908 | |
| Segment financial results | 356 | 551 | (418) | |
| Property and equipment | 1,168 | 1,307 | ||
|
International Operations
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Revenues | 1,945 | 1,841 | 1,700 | |
| Segment financial results | 172 | 252 | (26) | |
| Property and equipment | 402 | 350 | ||
|
Asia
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Segment financial results | 76 | |||
|
Europe
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Segment financial results | 42 | |||
|
Americas Excluding The United States
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Segment financial results | (12) | |||
|
Middle East And Africa
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Segment financial results | 19 | |||
|
Australia
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Segment financial results | 3 | |||
|
Ireland and the United Kingdom
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Segment financial results | 44 | |||
|
Total Reportable Segments
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Selling expenses | 354 | 419 | 440 | |
| Revenues | 12,197 | 11,611 | 10,831 | |
| Segment financial results | 765 | 983 | 4 | |
|
Former Timeshare Segment
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Percentage of selling expense | 82.00% | 85.00% | 86.00% | |
| Revenues | 1,438 | 1,551 | 1,444 | |
| Segment financial results | (217) | 126 | (674) | |
|
Former Timeshare Segment | International Operations
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Impairment charges and restructuring costs | (86) | (176) | ||
|
Former Timeshare Segment | Asia
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Impairment charges and restructuring costs | (22) | |||
|
Former Timeshare Segment | Europe
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Impairment charges and restructuring costs | (2) | (47) | ||
|
Former Timeshare Segment | Americas Excluding The United States
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Impairment charges and restructuring costs | (84) | (100) | ||
|
Former Timeshare Segment | Ireland and the United Kingdom
|
||||
| Segment Reporting Disclosure [Line Items] | ||||
| Impairment charges and restructuring costs | $ (7) | |||
| X | ||||||||||
|
- Definition
Number of Reportable Business Segments No definition available.
|
| X | ||||||||||
|
- Definition
Percentage Of Selling Expense No definition available.
|
| X | ||||||||||
|
- Definition
Adjustment to remove restructuring costs and other charges and Timeshare strategy impairment charges, as applicable No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Revenues (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | $ 12,317 | $ 11,691 | $ 10,908 |
|
Total Reportable Segments
|
|||
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | 12,197 | 11,611 | 10,831 |
|
North American Full-Service Segment
|
|||
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | 5,450 | 5,159 | 4,892 |
|
North American Limited-Service Segment
|
|||
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | 2,358 | 2,150 | 1,986 |
|
International Segment
|
|||
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | 1,278 | 1,188 | 1,096 |
|
Luxury Segment
|
|||
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | 1,673 | 1,563 | 1,413 |
|
Former Timeshare Segment
|
|||
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | 1,438 | 1,551 | 1,444 |
|
Other Unallocated Corporate
|
|||
| Segment Reporting, Revenue Reconciling Item [Line Items] | |||
| Revenues | $ 120 | $ 80 | $ 77 |
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Net Income (Loss) Attributable to Marriott (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Segment financial results | $ 356 | $ 551 | $ (418) | |||||||||
| Provision for income taxes | (158) | (93) | 65 | [1] | ||||||||
| Net income (loss) attributable to Marriott shareholders | 198 | 458 | (346) | |||||||||
| Interest expense | 164 | [1] | 180 | [1] | 118 | [1] | ||||||
|
Total Reportable Segments
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Segment financial results | 765 | 983 | 4 | |||||||||
|
North American Full-Service Segment
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Segment financial results | 351 | 317 | 268 | |||||||||
|
North American Limited-Service Segment
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Segment financial results | 382 | 298 | 265 | |||||||||
|
International Segment
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Segment financial results | 175 | 165 | 128 | |||||||||
|
Luxury Segment
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Segment financial results | 74 | 77 | 17 | |||||||||
|
Former Timeshare Segment
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Segment financial results | (217) | 126 | (674) | |||||||||
| Interest expense | 43 | 55 | ||||||||||
|
Other Unallocated Corporate
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Other unallocated corporate | 302 | 326 | 318 | |||||||||
| Interest expense and interest income | (107) | [2] | (106) | [2] | (93) | [2] | ||||||
| Provision for income taxes | (158) | [3] | (93) | [3] | 61 | [3] | ||||||
|
Noncontrolling Interest
|
||||||||||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||||||||
| Provision for income taxes | $ 0 | $ 0 | $ 4 | |||||||||
|
||||||||||||
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of interest revenue (income derived from investments in debt securities and on cash and cash equivalents) net of interest expense (cost of borrowed funds accounted for as interest). No definition available.
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Net Losses Attributable to Noncontrolling Interests (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||
| Segment Reporting, Other Significant Reconciling Item [Line Items] | ||||||
| Provision for income taxes | $ 158 | $ 93 | $ (65) | [1] | ||
| Net losses attributable to noncontrolling interests | 0 | 0 | 7 | |||
|
Noncontrolling Interest
|
||||||
| Segment Reporting, Other Significant Reconciling Item [Line Items] | ||||||
| Provision for income taxes | 0 | 0 | (4) | |||
| Net losses attributable to noncontrolling interests | 0 | 0 | 7 | |||
|
Former Timeshare Segment
|
||||||
| Segment Reporting, Other Significant Reconciling Item [Line Items] | ||||||
| Segment financial results | $ 0 | $ 0 | $ 11 | |||
|
||||||
| X | ||||||||||
|
- Definition
The portion of Income or Loss attributable to the noncontrolling interest (if any), before tax No definition available.
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Equity in (Losses) Earnings of Equity Method Investees (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | $ (13) | [1] | $ (18) | [1] | $ (66) | [1] | ||
|
Total Reportable Segments
|
||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | (15) | (28) | (63) | |||||
|
North American Full-Service Segment
|
||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | 1 | 2 | 1 | |||||
|
North American Limited-Service Segment
|
||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | (2) | (13) | (9) | |||||
|
International Segment
|
||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | (4) | (7) | (11) | |||||
|
Luxury Segment
|
||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | (10) | (2) | (32) | |||||
|
Former Timeshare Segment
|
||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | 0 | (8) | (12) | |||||
|
Other Unallocated Corporate
|
||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Equity in losses of equity method investees | $ 2 | $ 10 | $ (3) | |||||
|
||||||||
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Depreciation and Amortization (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | $ 168 | $ 178 | $ 185 |
|
Total Reportable Segments
|
|||
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | 119 | 129 | 135 |
|
North American Full-Service Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | 28 | 31 | 33 |
|
North American Limited-Service Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | 22 | 19 | 18 |
|
International Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | 22 | 24 | 25 |
|
Luxury Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | 19 | 19 | 17 |
|
Former Timeshare Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | 28 | 36 | 42 |
|
Other Unallocated Corporate
|
|||
| Segment Reporting Information [Line Items] | |||
| Depreciation and amortization | $ 49 | $ 49 | $ 50 |
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Assets (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | $ 5,910 | $ 8,983 |
|
Total Reportable Segments
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 3,695 | 6,689 |
|
North American Full-Service Segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,241 | 1,221 |
|
North American Limited-Service Segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 497 | 465 |
|
International Segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,026 | 822 |
|
Luxury Segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 931 | 871 |
|
Former Timeshare Segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 0 | 3,310 |
|
Other Unallocated Corporate
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | $ 2,215 | $ 2,294 |
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Equity Method Investments (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Segment Reporting Information [Line Items] | ||
| Equity method investments | $ 234 | $ 190 |
|
Total Reportable Segments
|
||
| Segment Reporting Information [Line Items] | ||
| Equity method investments | 227 | 184 |
|
North American Full-Service Segment
|
||
| Segment Reporting Information [Line Items] | ||
| Equity method investments | 13 | 14 |
|
North American Limited-Service Segment
|
||
| Segment Reporting Information [Line Items] | ||
| Equity method investments | 84 | 87 |
|
International Segment
|
||
| Segment Reporting Information [Line Items] | ||
| Equity method investments | 92 | 38 |
|
Luxury Segment
|
||
| Segment Reporting Information [Line Items] | ||
| Equity method investments | 38 | 44 |
|
Former Timeshare Segment
|
||
| Segment Reporting Information [Line Items] | ||
| Equity method investments | 0 | 1 |
|
Other Unallocated Corporate
|
||
| Segment Reporting Information [Line Items] | ||
| Equity method investments | $ 7 | $ 6 |
| X | ||||||||||
|
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Goodwill (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|---|---|---|---|
| Segment Reporting Information [Line Items] | |||
| Goodwill | $ 929 | $ 929 | $ 929 |
| Accumulated impairment losses | (54) | (54) | (54) |
| Goodwill, net | 875 | 875 | 875 |
|
North American Full-Service Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Goodwill | 335 | 335 | 335 |
| Accumulated impairment losses | 0 | 0 | 0 |
| Goodwill, net | 335 | 335 | 335 |
|
North American Limited-Service Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Goodwill | 126 | 126 | 126 |
| Accumulated impairment losses | (54) | (54) | (54) |
| Goodwill, net | 72 | 72 | 72 |
|
International Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Goodwill | 298 | 298 | 298 |
| Accumulated impairment losses | 0 | 0 | 0 |
| Goodwill, net | 298 | 298 | 298 |
|
Luxury Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Goodwill | 170 | 170 | 170 |
| Accumulated impairment losses | 0 | 0 | 0 |
| Goodwill, net | $ 170 | $ 170 | $ 170 |
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount, as of the balance sheet date, of the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable), in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The accumulated impairment losses related to goodwill as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Capital Expenditures (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | $ 183 | $ 307 | $ 147 |
|
Total Reportable Segments
|
|||
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | 124 | 247 | 89 |
|
North American Full-Service Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | 8 | 7 | 18 |
|
North American Limited-Service Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | 11 | 13 | 9 |
|
International Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | 52 | 35 | 33 |
|
Luxury Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | 40 | 168 | 1 |
|
Former Timeshare Segment
|
|||
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | 13 | 24 | 28 |
|
Other Unallocated Corporate
|
|||
| Segment Reporting Information [Line Items] | |||
| Capital expenditures | $ 59 | $ 60 | $ 58 |
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Spin-off - Additional Information (Detail) (USD $)
|
0 Months Ended | 1 Months Ended | 11 Months Ended | 12 Months Ended | 11 Months Ended | 0 Months Ended | |||
|---|---|---|---|---|---|---|---|---|---|
|
Oct. 26, 2011
|
Nov. 21, 2011
|
Dec. 30, 2011
|
Nov. 20, 2011
|
Dec. 30, 2011
|
Nov. 10, 2011
|
Nov. 20, 2011
Warehouse Facility
|
Sep. 09, 2011
Warehouse Facility
|
Oct. 28, 2011
Preferred Stock Sale
|
|
| Segment Reporting Disclosure [Line Items] | |||||||||
| Spin-off distribution ratio, spinnee shares received | 1 | ||||||||
| Spin-off distribution ratio, spinnor shares held | 10 | ||||||||
| Shares of MVW US Holdings, Inc. beneficially owned | 0 | ||||||||
| Franchise fees, annual fee for use of Marriott timeshare and Ritz-Carlton fractional brands | $ 50,000,000 | $ 50,000,000 | |||||||
| Franchise fees, percentage of developer contract sales | 2.00% | 2.00% | |||||||
| Franchise fees, percentage of gross resales | 1.00% | 1.00% | |||||||
| Spin-off of MVW | 1,162,000,000 | ||||||||
| Spin-off transaction expenses recognized | 34,000,000 | ||||||||
| Spin-off cash distribution, net | 160,000,000 | 122,000,000 | |||||||
| Secured warehouse credit facility to be used on short-term financing | 300,000,000 | ||||||||
| Redeemable Series A preferred stock issued to Marriott by MVW | 40,000,000 | ||||||||
| Proceeds from sale of stock in MVW, net | 38,000,000 | ||||||||
| Gain (loss) recognized as a result of spin-off | $ 0 | ||||||||
| X | ||||||||||
|
- Definition
Face Value Of Preferred Stock Issued By Subsidiary No definition available.
|
| X | ||||||||||
|
- Definition
Franchise Fees, Annual Fee No definition available.
|
| X | ||||||||||
|
- Definition
Franchise Fees, Percentage Of Developer Contract Sales No definition available.
|
| X | ||||||||||
|
- Definition
Franchise Fees, Percentage of Gross Resales No definition available.
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity of line of credit facility for subsidiary, that remained with subsidiary after the spin-off. No definition available.
|
| X | ||||||||||
|
- Definition
Proceeds From Sale of Stock in Subsidiary or Equity Method Investee, Net No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Net cash distribution received prior to completion of the Timeshare segment spin-off. No definition available.
|
| X | ||||||||||
|
- Definition
Number of spinnee shares received by shareholders of spinnor in spin-off transaction, used to determine how many spinnee shares were distributed. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares held by shareholders of the spinnor, used to determine how many spinnee shares were distributed. No definition available.
|
| X | ||||||||||
|
- Definition
Spin Off Entity Shares Beneficially Owned No definition available.
|
| X | ||||||||||
|
- Definition
Expenses recognized in the Income Statement for the spin-off of the Timeshare segment. No definition available.
|
| X | ||||||||||
|
- Definition
The loss or gain included in earnings during the period resulting from the disposal of an asset through a means other than through sale, such as abandonment, spin-off, and expropriation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in equity as a result of a spin-off transaction (a regular or reverse spin-off) which is based on the recorded amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Spin-off - Net Assets Contributed (Details) (MVW Spin-off, USD $)
In Millions, unless otherwise specified |
Nov. 21, 2011
|
|---|---|
|
MVW Spin-off
|
|
| Segment Reporting Disclosure [Line Items] | |
| Cash and equivalents | $ 52 |
| Accounts and notes receivable | 247 |
| Inventory | 982 |
| Other current assets | 293 |
| Property and equipment and other | 284 |
| Loans to timeshare owners | 987 |
| Other current liabilities | (533) |
| Current portion of long-term debt | (122) |
| Long-term debt | (773) |
| Other long-term liabilities | (255) |
| SPIN-OFF OF MVW | $ 1,162 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Spin-off Assets, Accounts and Notes Receivable No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Assets, Cash and Equivalents No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Assets, Inventory No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Assets, Loans to Timeshare Owners No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Assets, Net No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Assets, Other Current Assets No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Assets, Property and Equipment and Other No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Liabilities, Long-term Debt, Current Maturities No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Liabilities, Long-term Debt, Excluding Current Maturities No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Liabilities, Other Current Liabilities No definition available.
|
| X | ||||||||||
|
- Definition
Spin-off Liabilities, Other Long-term Liabilities No definition available.
|
|
Timeshare Strategy-Composition of Impairment Charges (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
Dec. 30, 2011
Former Timeshare Segment
|
Jan. 01, 2010
Former Timeshare Segment
|
Dec. 30, 2011
Former Timeshare Segment
Inventory
|
Jan. 01, 2010
Former Timeshare Segment
Inventory
|
Sep. 09, 2011
Former Timeshare Segment
Property and Equipment
|
Jan. 01, 2010
Former Timeshare Segment
Property and Equipment
|
Dec. 30, 2011
Former Timeshare Segment
Time Share Purchase Commitments
|
Jan. 01, 2010
Former Timeshare Segment
Time Share Purchase Commitments
|
Dec. 30, 2011
Former Timeshare Segment
Equity Method Investee
|
Jan. 01, 2010
Former Timeshare Segment
Equity Method Investee
|
Dec. 30, 2011
Former Timeshare Segment
Loans
|
Jan. 01, 2010
Former Timeshare Segment
Loans
|
Dec. 30, 2011
Former Timeshare Segment
Funding Liability
|
Jan. 01, 2010
Former Timeshare Segment
Funding Liability
|
||||||
| Timeshare Strategy Disclosure [Line Items] | ||||||||||||||||||||||
| Timeshare strategy-impairment charges, operating | $ 324 | $ 0 | $ 614 | $ 324 | $ 614 | $ 256 | $ 529 | $ 68 | $ 64 | $ 0 | $ 21 | |||||||||||
| Timeshare strategy impairment charges, non-operating | 0 | [1] | 0 | [1] | 138 | [1] | 0 | 138 | 0 | 71 | 0 | 40 | 0 | 27 | ||||||||
| Total | 324 | 0 | 752 | 752 | ||||||||||||||||||
| Total (after-tax) | $ 234 | $ 502 | ||||||||||||||||||||
|
||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount recognized as an operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized as a non-operating expense during the period to reduce the carrying amount of a Timeshare project as part of the evaluation of the entire Timeshare portfolio due to a change in business strategy. The non-operating impairment charge includes joint venture and loan impairments, as well as a funding liability related to this Timeshare project. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized as an operating and non-operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized, net of tax, as an operating and nonoperating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments. No definition available.
|
|
Timeshare Strategy-Impairment Charges - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 11 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
Dec. 30, 2011
Former Timeshare Segment
Year
|
Jan. 01, 2010
Former Timeshare Segment
|
Nov. 20, 2011
Former Timeshare Segment
Lower Limit
|
Nov. 20, 2011
Former Timeshare Segment
Upper Limit
|
Dec. 30, 2011
Former Timeshare Segment
North American Timeshare Projects
|
Jan. 01, 2010
Former Timeshare Segment
North American Timeshare Projects
|
Dec. 30, 2011
Former Timeshare Segment
North American Luxury Fractional and Mixed Use Projects
|
Dec. 30, 2011
Former Timeshare Segment
European Timeshare Business
|
Jan. 01, 2010
Former Timeshare Segment
Luxury Residential Projects
|
Jan. 01, 2010
Former Timeshare Segment
North American Luxury Fractional Projects
|
Jan. 01, 2010
Former Timeshare Segment
European Timeshare And Fractional Business
|
Jan. 01, 2010
Former Timeshare Segment
Asia Pacific Timeshare Resorts
|
Dec. 30, 2011
Former Timeshare Segment
Software Impairment
|
Dec. 30, 2011
Former Timeshare Segment
Time Share Purchase Commitments
|
Jan. 01, 2010
Former Timeshare Segment
Time Share Purchase Commitments
|
Dec. 30, 2011
Former Timeshare Segment
Loans
|
Jan. 01, 2010
Former Timeshare Segment
Loans
|
Dec. 30, 2011
Former Timeshare Segment
Funding Liability
|
Dec. 31, 2010
Former Timeshare Segment
Funding Liability
|
Jan. 01, 2010
Former Timeshare Segment
Funding Liability
|
Sep. 09, 2011
Former Timeshare Segment
Operating and Joint Venture
|
Dec. 30, 2011
Former Timeshare Segment
Operating and Joint Venture
|
Jan. 01, 2010
Former Timeshare Segment
Operating and Joint Venture
|
||||||
| Timeshare Strategy Disclosure [Line Items] | |||||||||||||||||||||||||||||||
| Timeshare strategy impairment, land sales time period | 18 months | 24 months | |||||||||||||||||||||||||||||
| Timeshare strategy impairment, inventory sales time period | 3 | ||||||||||||||||||||||||||||||
| Timeshare strategy-impairment, operating and non-operating charges | $ 324 | $ 0 | $ 752 | $ 752 | $ 203 | $ 93 | $ 113 | $ 2 | $ 295 | $ 299 | $ 51 | $ 14 | $ 6 | $ 324 | $ 685 | ||||||||||||||||
| Timeshare strategy impairment, operating and non-operating charges, net of tax | 234 | 502 | 234 | ||||||||||||||||||||||||||||
| Number of impaired projects | 5 | 1 | 9 | 1 | 5 | 9 | 4 | 2 | |||||||||||||||||||||||
| Timeshare strategy-impairment charges, operating | 324 | 0 | 614 | 324 | 614 | 0 | 21 | ||||||||||||||||||||||||
| Timeshare strategy impairment, reclass | 57 | ||||||||||||||||||||||||||||||
| Timeshare strategy impairment charges, non-operating | 0 | [1] | 0 | [1] | 138 | [1] | 0 | 138 | 0 | 40 | 0 | 27 | |||||||||||||||||||
| Timeshare strategy impairment charges, non-operating reversal | $ 3 | $ 11 | |||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Number of impaired projects No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount recognized as an operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized as a non-operating expense during the period to reduce the carrying amount of a Timeshare project as part of the evaluation of the entire Timeshare portfolio due to a change in business strategy. The non-operating impairment charge includes joint venture and loan impairments, as well as a funding liability related to this Timeshare project. No definition available.
|
| X | ||||||||||
|
- Definition
Reversal of amount recognized as a non-operating expense during a prior period to reduce the carrying amount of a Timeshare project as part of the evaluation of the entire Timeshare portfolio due to a change in business strategy. The non-operating impairment charge includes joint venture and loan impairments, as well as a funding liability related to this Timeshare project. No definition available.
|
| X | ||||||||||
|
- Definition
As part of the Timeshare segment's plan to sell certain assets, period of time within which to accelerate sales of excess built luxury fractional and residential inventory. No definition available.
|
| X | ||||||||||
|
- Definition
As part of the Timeshare segment's plan to sell certain assets, period of time within which to monetize certain excess undeveloped land in the U.S., Mexico, and the Bahamas. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized as an operating and non-operating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments related to these Timeshare projects. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized, net of tax, as an operating and nonoperating expense during the period to reduce the carrying amount of several Timeshare projects. The impairment charge includes inventory, property, plant and equipment, and other impairments. No definition available.
|
| X | ||||||||||
|
- Definition
The reclassification of land parcels previously in the Timeshare segment's development plans from inventory to property and equipment. No definition available.
|
|
Restructuring Costs and Other Charges - Additional Information (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 16 Months Ended | ||
|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
Jan. 01, 2010
|
|
| Restructuring Cost and Reserve [Line Items] | ||||
| Additional restructuring costs | $ 0 | $ 0 | $ 51 | |
| Other charges | 162 | |||
| Total cumulative restructuring costs | $ 106 | |||
| X | ||||||||||
|
- Definition
Other charges directly related to the economic downturn that included: asset impairment charges, accounts receivable and guarantee charges, reserves associated with loans, reversal of the liability related to expected fundings, Timeshare contract cancellation allowances, and charges related to the valuation of Timeshare residual interests. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of costs incurred to date for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Cash Flows Between us and the Timeshare Notes Securitization Variable Interest Entities (Detail) (Former Timeshare Segment, USD $)
In Millions, unless otherwise specified |
11 Months Ended | 12 Months Ended | |
|---|---|---|---|
|
Nov. 20, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
|
Former Timeshare Segment
|
|||
| Variable Interest Entity [Line Items] | |||
| Proceeds from securitization | $ 122 | $ 215 | $ 349 |
| Principal receipts | 188 | 231 | |
| Interest receipts | 112 | 142 | |
| Reserve release | 0 | 3 | |
| Total | 422 | 591 | |
| Principal to investors | (185) | (230) | |
| Repurchases | (64) | (93) | (81) |
| Interest to investors | (39) | (53) | |
| Total | (288) | (376) | |
| Net Cash Flows | $ 134 | $ 215 | |
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor Net Proceeds From Repayments No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor Proceeds From Interest Receipts No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor Proceeds From Principal Receipts No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor, Proceeds From Reserve Release No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor Proceeds Total No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor Repayments Of Interest To Investors No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor Repayments Of Principal To Investors No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows Between Transferee And Transferor Repayments Total No definition available.
|
| X | ||||||||||
|
- Definition
Cash Flows between a transferor and a transferee attributable to newly transferred assets related to either a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash Flows between a transferor and a transferee attributable to purchases of previously transferred financial assets (or its underlying collateral) related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Variable Interest Entities - Additional Information (Detail) (USD $)
|
11 Months Ended | 12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|
|
Nov. 20, 2011
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||||
| Variable Interest Entity [Line Items] | |||||||||
| Interest income | $ 1,088,000,000 | $ 1,221,000,000 | $ 1,123,000,000 | ||||||
| Interest expense | 164,000,000 | [1] | 180,000,000 | [1] | 118,000,000 | [1] | |||
|
Lower Limit
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Limit to repurchasing defaulted mortgage notes at the outstanding principal balance | 10.00% | ||||||||
|
Upper Limit
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Limit to repurchasing defaulted mortgage notes at the outstanding principal balance | 20.00% | ||||||||
|
CTF Entity
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Percent of tenant entities owned by CTF | 100.00% | ||||||||
| Number of properties fully released from guarantees with CTF | 5 | ||||||||
| Number of properties partially released from guarantees with CTF | 3 | ||||||||
| CTF trust account | 0 | ||||||||
| Number of hotels liable cash flow shortfalls | 5 | ||||||||
| Number of additional hotels liable cash flow shortfalls | 3 | ||||||||
|
Variable Interest Entity, Primary Beneficiary | Securitized Notes Receivable
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Interest expense | 39,000,000 | 51,000,000 | |||||||
| Debt issuance cost amortization | 3,000,000 | 4,000,000 | |||||||
|
Variable Interest Entity, Not Primary Beneficiary | CTF Entity
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Number of hotels managed | 8 | ||||||||
| Number of tenant entities to whom hotel management services provided | 3 | ||||||||
|
Variable Interest Entity, Not Primary Beneficiary | CTF Entity | Seven of Ten Hotels | Secondarily Liable | Upper Limit
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Future lease payment | 20,000,000 | ||||||||
|
Variable Interest Entity, Not Primary Beneficiary | CTF Entity | Three of Ten Hotels | Secondarily Liable
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Future lease payment | 11,000,000 | ||||||||
|
Former Timeshare Segment
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Interest expense | 43,000,000 | 55,000,000 | |||||||
| Defaulted notes voluntarily repurchased | 43,000,000 | 68,000,000 | 81,000,000 | ||||||
| Non defaulted notes voluntarily repurchased | 21,000,000 | 25,000,000 | |||||||
|
Interest Income
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Interest income | 143,000,000 | 187,000,000 | 46,000,000 | ||||||
|
Interest Income | Variable Interest Entity, Primary Beneficiary | Securitized Notes Receivable
|
|||||||||
| Variable Interest Entity [Line Items] | |||||||||
| Interest income | $ 116,000,000 | $ 147,000,000 | |||||||
|
|||||||||
| X | ||||||||||
|
- Definition
The amount of defaulted mortgage notes receivable that were voluntarily repurchased for the period. No definition available.
|
| X | ||||||||||
|
- Definition
Non Defaulted Mortgage Loans Repurchased No definition available.
|
| X | ||||||||||
|
- Definition
The number of additional hotels for which we are liable up to an aggregate cap if the hotels have cash flow shortfalls. No definition available.
|
| X | ||||||||||
|
- Definition
The number of hotels for which we are liable if the hotels have cash flow shortfalls. No definition available.
|
| X | ||||||||||
|
- Definition
Number Of Hotels Managed No definition available.
|
| X | ||||||||||
|
- Definition
Number of properties fully released from guarantees No definition available.
|
| X | ||||||||||
|
- Definition
Number of properties partially released from guarantees No definition available.
|
| X | ||||||||||
|
- Definition
Number of Tenant Entities to Whom Hotel Management Services Provided No definition available.
|
| X | ||||||||||
|
- Definition
The percentage of the initial mortgage balance of securitized mortgage notes receivable that we are limited in repurchasing upon default, based on the Timeshare note securitization transaction documents for each transaction. No definition available.
|
| X | ||||||||||
|
- Definition
Percent of tenant entities owned by Variable Interest Entity No definition available.
|
| X | ||||||||||
|
- Definition
The component of interest expense comprised of the periodic charge against earnings over the life of the financing arrangement to which such costs relate. Alternate captions include Noncash Interest Expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of cash and securities held by third party trustees pursuant to terms of debt instruments or other agreements as of the date of each statement of financial position presented, which can be used by the trustee only to pay the noncurrent portion of specified obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenue associated with the selling of time shares, a form of property ownership under which a property is held by a number of people, each with a right of possession for a specified time interval. Time sharing is most commonly applied to resort and vacation properties; also known as vacation interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Future Obligations Under Operating Leases (Detail) (Primary Obligations Operating Leases, USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
|---|---|
|
Primary Obligations Operating Leases
|
|
| Operating Leased Assets [Line Items] | |
| Minimum operating lease payments - 2012 | $ 136 |
| Minimum operating lease payments - 2013 | 125 |
| Minimum operating lease payments - 2014 | 115 |
| Minimum operating lease payments - 2015 | 115 |
| Minimum operating lease payments - 2016 | 100 |
| Minimum operating lease payments - thereafter | 734 |
| Total minimum operating lease payments where we are the primary obligor | $ 1,325 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within one year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fifth year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fourth year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the third year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the second year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due after the fifth year from the balance sheet date on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Leases - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
Year
|
Dec. 31, 2010
|
|---|---|---|
| Operating Leased Assets [Line Items] | ||
| Minimum renewal option period (in years) | 5 | |
| Maximum renewal option period (in years) | 10 | |
| Present value of net minimum lease payments associated with capital leases | $ 64 | $ 6 |
|
Lower Limit
|
||
| Operating Leased Assets [Line Items] | ||
| Number of lease renewal options | 1 | |
|
Upper Limit
|
||
| Operating Leased Assets [Line Items] | ||
| Lease initial terms (in years) | 20 | |
|
Primary Obligations Operating Leases
|
||
| Operating Leased Assets [Line Items] | ||
| Obligations of consolidated subsidiaries | 1,325 | |
| Minimum operating lease payments - 2012 | 136 | |
| Minimum operating lease payments - 2013 | 125 | |
| Minimum operating lease payments - 2014 | 115 | |
|
Consolidated Subsidiaries Non Recourse to Parent | Primary Obligations Operating Leases
|
||
| Operating Leased Assets [Line Items] | ||
| Obligations of consolidated subsidiaries | 266 | |
|
CTF Entity | Variable Interest Entity, Not Primary Beneficiary
|
||
| Operating Leased Assets [Line Items] | ||
| Minimum operating lease payments - 2012 | 12 | |
| Minimum operating lease payments - 2013 | 11 | |
| Minimum operating lease payments - 2014 | 8 | |
|
Secondarily Liable | CTF Entity | Variable Interest Entity, Not Primary Beneficiary
|
||
| Operating Leased Assets [Line Items] | ||
| Obligations of consolidated subsidiaries | $ 31 |
| X | ||||||||||
|
- Definition
Initial Term Of Contract No definition available.
|
| X | ||||||||||
|
- Definition
Renewal Option Terms Maximum Additional Period in Years No definition available.
|
| X | ||||||||||
|
- Definition
Renewal Option Terms Minimum Additional Period in Years No definition available.
|
| X | ||||||||||
|
- Definition
Number Of Renewal Options No definition available.
|
| X | ||||||||||
|
- Definition
The discounted value of future cash flows under leases meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within one year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the third year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the second year of the balance sheet date relating to leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Composition of Rent Expense Associated with Operating Leases (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
|
| Operating Leased Assets [Line Items] | |||
| Minimum rentals | $ 240 | $ 252 | $ 262 |
| Additional rentals | 66 | 67 | 63 |
| Operating leases, rent expense, total | $ 306 | $ 319 | $ 325 |
| X | ||||||||||
|
- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the payments that the lessee is obligated to make or can be required to make in connection with a property under the terms of an agreement classified as an operating lease, excluding contingent rentals and a guarantee by the lessee of the lessor's debt and the lessee's obligation to pay (apart from the rental payments) executory costs such as insurance, maintenance, and taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Future Obligations Under Capital Leases (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Schedule of Capital Lease Obligations [Line Items] | ||
| Minimum capital lease payments - 2012 | $ 3 | |
| Minimum capital lease payments - 2013 | 3 | |
| Minimum capital lease payments - 2014 | 59 | |
| Minimum capital lease payments - 2015 | 1 | |
| Minimum capital lease payments - 2016 | 1 | |
| Minimum capital lease payments - thereafter | 4 | |
| Total minimum lease payments | 71 | |
| Less: amount representing interest | (7) | |
| Present value of net minimum lease payments | $ 64 | $ 6 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The total of contractually required rental payments on leases meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Contractually required rental payments on leases meeting the criteria for capitalization, due within one year of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Contractually required rental payments on leases meeting the criteria for capitalization, due within the fifth year from the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Contractually required rental payments on leases meeting the criteria for capitalization, due within the fourth year from the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Contractually required rental payments on leases meeting the criteria for capitalization, due within the third year from the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Contractually required rental payments on leases meeting the criteria for capitalization, due within the second year from the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Contractually required rental payments due on leases meeting the criteria for capitalization, after the fifth year from the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount necessary to reduce net minimum lease payments to present value calculated at the lesser of the interest rate implicit in the lease (if known) or the entity's incremental borrowing rate (as defined) at inception of the lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The discounted value of future cash flows under leases meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Related Party Transactions - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
|---|---|
| Related Party Transaction [Line Items] | |
| Undistributed earnings | $ 4 |
|
Lower Limit
|
|
| Related Party Transaction [Line Items] | |
| Ownership interest in equity method investments | 10.00% |
|
Upper Limit
|
|
| Related Party Transaction [Line Items] | |
| Ownership interest in equity method investments | 49.00% |
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of consolidated retained earnings that represent undistributed (not yet received) earnings from 50% or less owned persons accounted for by the equity method (equity method investees). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Financial Data Resulting from Transactions with Related Parties, Income Statement Data (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Dec. 30, 2011
|
Dec. 31, 2010
|
Jan. 01, 2010
|
||||||
| Related Party Transaction [Line Items] | ||||||||
| Base management fees | $ 602 | [1] | $ 562 | [1] | $ 530 | [1] | ||
| Franchise fees | 506 | [1] | 441 | [1] | 400 | [1] | ||
| Incentive management fees | 195 | [1] | 182 | [1] | 154 | [1] | ||
| Cost reimbursements | 8,843 | [1] | 8,239 | [1] | 7,682 | [1] | ||
| Revenue | 12,317 | 11,691 | 10,908 | |||||
| General, administrative, and other | (752) | [1] | (780) | [1] | (722) | [1] | ||
| Reimbursed costs | (8,843) | [1] | (8,239) | [1] | (7,682) | [1] | ||
| Timeshare strategy-impairment charges (non-operating) | 0 | [1] | 0 | [1] | (138) | [1] | ||
| Provision for income taxes | 158 | 93 | (65) | [1] | ||||
|
Related Party Transactions
|
||||||||
| Related Party Transaction [Line Items] | ||||||||
| Base management fees | 37 | 35 | 44 | |||||
| Franchise fees | 0 | 0 | 0 | |||||
| Incentive management fees | 0 | 3 | 2 | |||||
| Cost reimbursements | 383 | 328 | 321 | |||||
| Owned, leased, corporate housing, and other | 8 | 4 | 0 | |||||
| Revenue | 428 | 370 | 367 | |||||
| General, administrative, and other | (5) | (1) | (1) | |||||
| Reimbursed costs | (383) | (328) | (321) | |||||
| Gains and other income | 4 | 6 | 6 | |||||
| Interest expense-capitalized | 2 | 5 | 4 | |||||
| Interest income | 3 | 3 | 8 | |||||
| Equity in (losses) earnings | (13) | (18) | (66) | |||||
| Timeshare strategy-impairment charges (non-operating) | 0 | 0 | (138) | |||||
| Provision for income taxes | $ 0 | $ 0 | $ 0 | |||||
|
||||||||
| X | ||||||||||
|
- Definition
Revenue generated from owned and leased hotels as well as corporate housing and other revenue sources. No definition available.
|
| X | ||||||||||
|
- Definition
Amount recognized as a non-operating expense during the period to reduce the carrying amount of a Timeshare project as part of the evaluation of the entire Timeshare portfolio due to a change in business strategy. The non-operating impairment charge includes joint venture and loan impairments, as well as a funding liability related to this Timeshare project. No definition available.
|
| X | ||||||||||
|
- Definition
Cost associated with reimbursable income. This occurs when a services entity incurs expenses on behalf of the client and passes through the cost of reimbursable expenses to a client. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the amount of gain (loss) arising from the disposal of an equity method investment. No definition available.
|
| X | ||||||||||
|
- Definition
Revenue earned during the period from consideration (often a percentage of the franchisee's sales) received for the right to operate a business using the entity's name, merchandise, services, methodologies, promotional support, marketing, and supplies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of interest that was capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Base revenue, as contractually stipulated, for operating and managing another entity's business during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenue for operating and managing another entity's business during the reporting period which is based on meeting certain operating or revenue metrics (for example: occupancy or vacancy rates, profitability or expense targets), or otherwise meant to incentivize the operator other than by guaranteed or minimum compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Repayment received or receivable for expenses incurred on behalf of a client or customer, other than those reimbursements received by landlords from tenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Financial Data Resulting from Transactions with Related Parties, Balance Sheet Data (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
|
Dec. 31, 2010
|
||||
|---|---|---|---|---|---|---|
| Related Party Transaction [Line Items] | ||||||
| Current assets-accounts and notes receivable | $ 875 | [1] | $ 938 | [1] | ||
| Contract acquisition costs and other | 846 | [1] | 768 | [1] | ||
| Equity and cost method investments | 265 | [1] | 250 | [1] | ||
| Notes receivable | 382 | 1,444 | ||||
| Deferred taxes, net asset | 1,145 | 1,236 | ||||
| Current liabilities: | ||||||
| Other | (491) | [1] | (551) | [1] | ||
| Other long-term liabilities | (883) | [1] | (893) | [1] | ||
|
Related Party Transactions
|
||||||
| Related Party Transaction [Line Items] | ||||||
| Current assets-accounts and notes receivable | 12 | 9 | ||||
| Contract acquisition costs and other | 28 | 30 | ||||
| Equity and cost method investments | 234 | 190 | ||||
| Notes receivable | 2 | 2 | ||||
| Deferred taxes, net asset | 16 | 22 | ||||
| Other | 13 | 0 | ||||
| Current liabilities: | ||||||
| Other | (6) | (25) | ||||
| Other long-term liabilities | $ (30) | $ (34) | ||||
|
||||||
| X | ||||||||||
|
- Definition
The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; net of deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, an amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
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- Definition
Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Equity Method Investment Summarized Financial Information, Income Statement (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
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Dec. 30, 2011
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Dec. 31, 2010
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Jan. 01, 2010
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| Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | |||
| Sales | $ 1,215 | $ 914 | $ 850 |
| Net (loss) income | $ (39) | $ (77) | $ (241) |
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- Details
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- Definition
The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. No definition available.
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Equity Method Investment Summarized Financial Information, Balance Sheet (Detail) (USD $)
In Millions, unless otherwise specified |
Dec. 30, 2011
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Dec. 31, 2010
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| Schedule of Equity Method Investments [Line Items] | ||
| Assets (primarily comprised of hotel real estate managed by us) | $ 3,159 | $ 3,186 |
| Liabilities | $ 2,532 | $ 2,446 |
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- Definition
The amount of assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Relationship with Major Customer - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
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Dec. 30, 2011
Entity
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Dec. 31, 2010
Entity
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Jan. 01, 2010
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Host Hotels & Resorts Inc
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| Revenue, Major Customer [Line Items] | |||
| Number of lodging properties operated under long-term agreements of affiliated unconsolidated partnerships | 127 | 146 | |
| Revenues | $ 2,207 | $ 2,036 | $ 2,096 |
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Host Partnerships
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| Revenue, Major Customer [Line Items] | |||
| Number of lodging properties operated under long-term agreements of affiliated unconsolidated partnerships | 5 | 5 | |
| Revenues | $ 106 | $ 112 | $ 104 |
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- Definition
Number of Customer Owned or Leased Lodging Properties Managed No definition available.
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- Definition
Amount of revenue generated from a single external customer that accounts for 10 percent or more of an entity's revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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