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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 8-K

 

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 19, 2007

 

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MARRIOTT INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

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Delaware		1-13881		52-2055918
(State of Incorporation)		(Commission File No.)		(IRS Employer Identification No.)

10400 Fernwood Road, Bethesda, Maryland 20817

(Address of principal executive offices, including Zip Code)

Registrant’s telephone number, including area code: (301) 380-3000

 

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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ITEM 2.02.

Results of Operations and Financial Condition.

Schedule of Segment Revenue and Income from Continuing Operations by Quarter for the 2006 and 2005 Fiscal Years

Marriott International, Inc. (the “Company”) published, in its 2006 Annual Report on Form 10-K (“2006 Form 10-K”), its segment results in a format which was not included in previously issued reports. The new segment format reflects the Company’s revised business segments as further described in the 2006 Form 10-K. This new format only resulted in new segments and classifications and did not result in any changes to the Company’s previously reported consolidated revenues or earnings. The Company today is furnishing its quarterly Revenues and Income from Continuing Operations for each of 2006 and 2005 in the new segment format in order to provide comparable quarterly information.

We evaluate the performance of our segments based primarily on the results of the segment without allocating corporate expenses, interest expense or indirect general, administrative and other expenses. With the exception of the Synthetic Fuel segment, we do not allocate income taxes or interest income to our segments. As note sales are an integral part of the Timeshare segment, we include note sale gains in our Timeshare segment results, and we allocate other gains and losses as well as equity earnings or losses from our joint ventures and divisional general, administrative and other expenses to each of our segments. “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 are not allocable to our segments.

A copy of the Schedule of Segment Revenues and Income from Continuing Operations by Quarter for each of the 2006 and 2005 Fiscal Years is attached as Exhibit 99 and incorporated by reference.

 

ITEM 9.01.

Financial Statements and Exhibits.

 

(d)	Exhibits. The following exhibit is furnished with this report:

 

Exhibit 99 -		Schedule of Segment Revenues and Income from Continuing Operations by Quarter for each of the 2006 and 2005 Fiscal Years.

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

				MARRIOTT INTERNATIONAL, INC.
Date: March 19, 2007				By:		/s/ Carl T. Berquist
						Carl T. Berquist
						Executive Vice President, Financial
						Information and Risk Management

 

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EXHIBIT INDEX

 

Exhibit No.		Description
99		Schedule of Segment Revenues and Income from Continuing Operations by Quarter for each of the 2006 and 2005 Fiscal Years.

 

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Exhibit 99

Marriott International, Inc.

Schedule of Segment Revenues and Income from Continuing Operations

by Quarter

($ in millions)

 

		Fiscal Year 2006 (1)
		First Quarter ended March 24, 2006				Second Quarter ended June 16, 2006				Third Quarter ended September 8, 2006				Fourth Quarter ended December 29, 2006				Total
REVENUES
North American Full-Service		$	1,219			$	1,267			$	1,124			$	1,586			$	5,196
North American Limited-Service			452				490				500				618				2,060
International			275				326				332				478				1,411
Luxury			331				329				313				450				1,423
Timeshare			356				427				413				644				1,840
Total lodging			2,633				2,839				2,682				3,776				11,930
Synthetic Fuel			57				39				6				63				165
Other unallocated corporate			15				13				15				22				65
Total		$	2,705			$	2,891			$	2,703			$	3,861			$	12,160
INCOME FROM CONTINUING OPERATIONS
North American Full-Service		$	137			$	105			$	72			$	141			$	455
North American Limited-Service			72				106				93				109				380
International			43				62				55				77				237
Luxury			18				16				10				19				63
Timeshare			51				68				61				100				280
Total lodging financial results			321				357				291				446				1,415
Synthetic Fuel (after-tax)			3				4				(3	)			1				5
Other unallocated corporate			(55	)			(54	)			(55	)			(87	)			(251	)
Interest income, provision for loan losses and interest expense (excluding Synthetic Fuel)			(14	)			(19	)			(15	)			(24	)			(72	)
Income taxes (excluding Synthetic Fuel)			(85	)			(102	)			(77	)			(116	)			(380	)
Total		$	170			$	186			$	141			$	220			$	717

 

(1)	The quarters consisted of 12 weeks, except for the fourth quarter, which consisted of 16 weeks. The fiscal year consisted of 52 weeks.

 

Exhibit 99

Page 1

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Marriott International, Inc.

Schedule of Segment Revenues and Income from Continuing Operations

by Quarter

($ in millions)

 

		Fiscal Year 2005 (1)
		First Quarter ended March 25, 2005				Second Quarter ended June 17, 2005				Third Quarter ended September 9, 2005				Fourth Quarter ended December 30, 2005				Total
REVENUES
North American Full-Service		$	1,173			$	1,222			$	1,125			$	1,596			$	5,116
North American Limited-Service			401				433				453				599				1,886
International			129				192				286				410				1,017
Luxury			312				322				287				412				1,333
Timeshare			399				383				451				488				1,721
Total lodging			2,414				2,552				2,602				3,505				11,073
Synthetic Fuel			108				98				98				117				421
Other unallocated corporate			12				11				14				19				56
Total		$	2,534			$	2,661			$	2,714			$	3,641			$	11,550
INCOME FROM CONTINUING OPERATIONS
North American Full-Service		$	92			$	38			$	93			$	126			$	349
North American Limited-Service			55				68				69				111				303
International			23				(6	)			37				79				133
Luxury			13				11				8				13				45
Timeshare			63				80				50				78				271
Total lodging financial results			246				191				257				407				1,101
Synthetic Fuel (after-tax)			18				44				30				33				125
Other unallocated corporate			(44	)			(53	)			(53	)			(69	)			(219	)
Interest income, provision for loan losses and interest expense (excluding Synthetic Fuel)			(8	)			4				(28	)			(23	)			(55	)
Income taxes (excluding Synthetic Fuel)			(67	)			(48	)			(58	)			(111	)			(284	)
Total		$	145			$	138			$	148			$	237			$	668

 

(1)	The quarters consisted of 12 weeks, except for the fourth quarter, which consisted of 16 weeks. The fiscal year consisted of 52 weeks.

 

Exhibit 99

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