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Document and Entity Information Document
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3 Months Ended | |
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Mar. 23, 2012
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Apr. 06, 2012
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| Entity Information [Line Items] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Mar. 23, 2012 | |
| Document Fiscal Year Focus | 2012 | |
| Document Fiscal Period Focus | Q1 | |
| Trading Symbol | MAR | |
| Entity Registrant Name | MARRIOTT INTERNATIONAL INC /MD/ | |
| Entity Central Index Key | 0001048286 | |
| Current Fiscal Year End Date | --12-28 | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 331,005,686 |
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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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- 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 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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- Details
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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
Trading symbol of an instrument as listed on an exchange. 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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- 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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- 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 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
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
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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- 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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- 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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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
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Mar. 23, 2012
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Mar. 25, 2011
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| Net income | $ 104 | $ 101 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | 11 | 5 |
| Other derivative instrument adjustments, net of tax | (3) | (1) |
| Unrealized gain on available-for-sale securities, net of tax | 2 | 0 |
| Total other comprehensive income, net of tax | 10 | 4 |
| Comprehensive income | $ 114 | $ 105 |
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- 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 reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes 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
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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
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
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- Definition
Pre tax adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains (losses). Includes gain (loss) on foreign currency forward exchange contracts. Includes 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. Includes the gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. 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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- Details
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- 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
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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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- 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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- 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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- 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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- 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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- 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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- Details
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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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- 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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- 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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- 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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- 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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- 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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- Details
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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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- 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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- 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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- 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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- 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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- 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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- 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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- 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
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| 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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| X | ||||||||||
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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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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- 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
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- Definition
The net cash flow change in the company's future redemption obligation for its frequent guest loyalty program. No definition available.
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- Definition
The cash outflow from advancing money to others in the form of loans. No definition available.
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- Definition
The non-cash component of income tax expense, less the tax benefit from exercise of stock options. No definition available.
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- 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.
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- 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.
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- Details
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| X | ||||||||||
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- 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
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| X | ||||||||||
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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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| X | ||||||||||
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- 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
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from financing activity 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 net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- 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
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- Details
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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 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
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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- 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
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| X | ||||||||||
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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Basis of Presentation
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3 Months Ended |
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Mar. 23, 2012
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Basis of Presentation | Basis of Presentation The condensed 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 Condensed Consolidated Financial Statements as our “Financial Statements,” (ii) our Condensed Consolidated Statements of Income as our “Income Statements,” (iii) our Condensed 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,” and (v) our properties, brands, or markets outside of the United States and Canada as “international.” On November 21, 2011 ("the spin-off date"), 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 (the "spin-off") of our wholly owned subsidiary Marriott Vacations Worldwide Corporation ("MVW"). Because of our significant continuing involvement in MVW operations (by virtue of license and other agreements between us and MVW), our former Timeshare segment's historical financial results prior to the spin-off date continue to be included in our historical financial results as a component of continuing operations. See Footnote No. 16, "Spin-off" of the Notes to our Financial Statements in this Form 10-Q for more information on the spin-off. These condensed consolidated financial statements have not been audited. We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Although we believe our disclosures are adequate to make the information presented not misleading, you should read the financial statements in this report in conjunction with the consolidated financial statements and notes to those financial statements in our Annual Report on Form 10-K for the fiscal year ended December 30, 2011, (“2011 Form 10-K”). Certain terms not otherwise defined in this Form 10-Q have the meanings specified in our 2011 Form 10-K. Preparation of financial statements in conformity with 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. Our 2012 first quarter ended on March 23, 2012; our 2011 fourth quarter ended on December 30, 2011; and our 2011 first quarter ended on March 25, 2011. In our opinion, our financial statements reflect all normal and recurring adjustments necessary to present fairly our financial position as of March 23, 2012, and December 30, 2011, the results of our operations for the twelve weeks ended March 23, 2012, and March 25, 2011, and cash flows for the twelve weeks ended March 23, 2012, and March 25, 2011. Interim results may not be indicative of fiscal year performance because of seasonal and short-term variations. We have eliminated all material intercompany transactions and balances between entities consolidated in these financial statements. Restricted Cash Restricted cash in our Balance Sheets at the end of the 2012 first quarter and year-end 2011 is recorded as $7 million and zero, respectively, in the “Other current assets” line and $19 million and $16 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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- Details
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- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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New Accounting Standards
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3 Months Ended |
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Mar. 23, 2012
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| New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
| New Accounting Standards | New 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”) We adopted ASU No. 2011-04 which generally provides a uniform framework for fair value measurements and related disclosures between GAAP and International Financial Reporting Standards (“IFRS”). Additional disclosure requirements in the 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. The adoption of this update did not have a material impact on our financial statements. See the “Fair Value Measurements” caption of Footnote No. 1, “Summary of Significant Accounting Policies” of our 2011 Form 10-K for more 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 Reclassification of Items Out of Accumulated Other Comprehensive Income in ASU No. 2011-05" ("ASU No. 2011-12") We adopted ASU No. 2011-05 in the 2012 first quarter which 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, a statement of comprehensive income or (2) in two separate but consecutive financial statements, an income statement followed by a separate statement of other comprehensive income. We also adopted ASU No. 2011-12 which 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 required retrospective application. The adoption of these updates changed the order in which we presented certain financial statements, but did not have any other impact on our financial statements. |
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- Definition
The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. [New 2012 Taxonomy element] No definition available.
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- Details
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Income Taxes
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3 Months Ended |
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Mar. 23, 2012
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| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes We file income tax returns, including returns for our subsidiaries, in various jurisdictions around the world. The Internal Revenue Service ("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 2010 tax year and all but one issue, which we anticipate appealing, are resolved. We participated in CAP for the 2011 tax year, and are participating in CAP 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. For the first quarter of 2012, we increased unrecognized tax benefits by $1 million from $39 million at year-end 2011 primarily due to new information related to federal and state tax issues. The unrecognized tax benefits balance of $40 million at the end of the 2012 first quarter included $24 million of tax positions that, if recognized, would impact our effective tax rate. Our shareholders' equity decreased by $17 million as a result of additional MVW spin-off adjustments reducing tax benefits to be recognized on the disposition of the timeshare business. 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. |
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- Details
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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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3 Months Ended | ||||||||||||||||||
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Mar. 23, 2012
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||
| 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. We recorded share-based compensation expense related to award grants of $19 million and $21 million for the twelve weeks ended March 23, 2012 and March 25, 2011, respectively. Deferred compensation costs related to unvested awards totaled $185 million and $101 million at March 23, 2012 and December 30, 2011, respectively. RSUs We granted 2.8 million RSUs during the first quarter of 2012 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. RSUs granted in the first quarter of 2012 had a weighted average grant-date fair value of $35. SARs and Stock Options We granted 1.1 million SARs to officers and key employees during the first quarter of 2012. These SARs generally 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. The weighted average grant-date fair value of SARs granted in the 2012 first quarter was $12 and the weighted average exercise price was $35. We granted 0.3 million stock options to officers and key employees during the first quarter of 2012. These stock options expire ten years after the date of grant and generally 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. The weighted average grant-date fair value of stock options granted in the 2012 first quarter was $12 and the weighted average exercise price was $35. We used the following assumptions to determine the fair value of the Employee SARs and stock options granted during the first quarter of 2012.
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. 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. Other Information At the end of the 2012 first quarter, we reserved 45 million shares under the Comprehensive Plan, including 21 million shares under the Stock Option Program and the SAR Program. |
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- Details
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- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments
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Mar. 23, 2012
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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.
We estimate the fair value of our senior, mezzanine, and other loans by discounting cash flows using risk-adjusted rates, both of which are Level 3 inputs. We estimate the fair value of our cost method investments by applying a cap rate to stabilized earnings (a market approach using Level 2 inputs). The carrying value of our restricted cash approximates its fair value. 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 the end of our 2012 first quarter was $53 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. We estimate the fair value of our other long-term debt, excluding leases, using expected future payments discounted at risk-adjusted rates, both of which are Level 3 inputs. We determine the fair value of our senior notes using quoted market prices, which are directly observable Level 1 inputs. At year-end 2011 and the end of the 2012 first quarter, the carrying value of our commercial paper approximated its fair value due to the short maturity. Other long-term liabilities primarily consist of guarantee costs, reserves and deposit liabilities. The carrying values of our guarantee costs, reserves and deposit liabilities approximate their fair values. See the “Fair Value Measurements” caption of Footnote No. 1, “Summary of Significant Accounting Policies” of our 2011 Form 10-K for more information. |
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- Details
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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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Mar. 23, 2012
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share | Earnings Per Share The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share.
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. 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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- Definition
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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3 Months Ended |
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Mar. 23, 2012
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| Inventory Disclosure [Abstract] | |
| Inventory | Inventory Inventory, totaling $12 million as of March 23, 2012 and $11 million as of December 30, 2011, primarily consists of hotel operating supplies for the limited number of properties we own or lease. |
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- Details
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- Definition
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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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 23, 2012
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| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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:
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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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Notes Receivable
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Mar. 23, 2012
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| Receivables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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, and unamortized discounts for our notes receivable. Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates
Notes Receivable Unamortized Discounts
At the end of the 2012 first quarter, our recorded investment in impaired “Senior, mezzanine, and other loans” was $92 million. We had a $76 million notes receivable reserve representing an allowance for credit losses, leaving $16 million of our investment in impaired loans, for which we had no related allowance for credit losses. At year-end 2011, our recorded investment in impaired “Senior, mezzanine, and other loans” was $96 million, and 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. During the 2012 and 2011 first quarters, our average investment in impaired “Senior, mezzanine, and other loans” totaled $94 million and $86 million, respectively. The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for the first quarter of 2012:
At the end of the 2012 first quarter, past due senior, mezzanine, and other loans totaled $8 million. |
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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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Long-term Debt
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Mar. 23, 2012
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| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term Debt | Long-term Debt We provide detail on our long-term debt balances in the following table:
All of our 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. In the first quarter of 2012, we issued $600 million aggregate principal amount of 3.000 percent Series K Notes due 2019 (the "Notes"), completed in two offerings: (1) $400 million aggregate principal amount which closed on February 27, 2012 and (2) $200 million aggregate principal amount which closed on March 14, 2012. We received total net proceeds of approximately $590 million from these offerings, after deducting the underwriting discounts and estimated expenses of these offerings. We expect to use the proceeds for general corporate purposes, which may include working capital, capital expenditures, acquisitions, stock repurchases, or repayment of commercial paper borrowings as they become due. We will pay interest on the Notes on March 1 and September 1 of each year, commencing on September 1, 2012. The Notes will mature on March 1, 2019, and are redeemable, in whole or in part, at our option, under the terms provided in the form of Note. We issued the Notes under an indenture dated as of November 16, 1998 with The Bank of New York Mellon, as successor to JPMorgan Chase Bank, N.A. (formerly known as The Chase Manhattan Bank), as trustee. 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. 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
We paid cash for interest, net of amounts capitalized, of $10 million in the first quarter of 2012 and $24 million in the first quarter of 2011. |
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The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capital Structure
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Mar. 23, 2012
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| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Structure | Capital Structure The following table details changes in shareholders’ equity.
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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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Mar. 23, 2012
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| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 March 23, 2012 in the following table.
We included our liability for expected future fundings at March 23, 2012, in our Balance Sheet as follows: $8 million in the “Other current liabilities” and $41 million in the “Other long-term liabilities.” Our guarantees listed in the preceding table include $4 million of operating profit guarantees and $23 million of debt service guarantees, all of which will not be in effect until 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 March 23, 2012, we had the following commitments outstanding:
At March 23, 2012, 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 March 23, 2012, 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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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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Mar. 23, 2012
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 date continue to be included in our historical financial results as a component of continuing operations as reflected in the tables that follow. See Footnote No. 16, "Spin-off" for more information on the spin-off. 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. 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. “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 from MVW. We aggregate the brands presented within our segments considering their similar economic characteristics, types of customers, distribution channels, the regulatory business environments and operations within each segment and our organizational and management reporting structure. Revenues
Net Income (Loss)
Equity in Losses of Equity Method Investees
Assets
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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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Acquisitions
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Mar. 23, 2012
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| Acquisitions and Dispositions [Abstract] | |
| Acquisitions and Dispositions | Acquisitions and Dispositions In the first quarter of 2012, we acquired land and a building we plan to develop into a hotel for $160 million in cash. In conjunction with this acquisition, we had also made a cash deposit of $6 million late in 2011. |
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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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Variable Interest Entities
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Mar. 23, 2012
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| 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. 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 March 23, 2012, 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 $19 million at the end of the 2012 first quarter. In addition, as of the end of the 2012 first quarter we are liable for rent payments of up to an aggregate cap of $12 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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- Definition
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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Spin-Off
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3 Months Ended |
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Mar. 23, 2012
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| Spinoff Disclosure [Abstract] | |
| 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. 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." We do not beneficially own any shares of MVW common stock and do not consolidate MVW's financial results for periods after the spin-off date as part of our financial reporting. However, because of our significant continuing involvement in MVW operations (by virtue of the license and other agreements between us 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 license agreements entered into effective as of the spin-off date, 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. We record these license fees as franchise fee revenues and do not allocate them to any of our segments, but instead include them in "other unallocated corporate." For more information on the spin-off, see Footnote No. 17, "Spin-Off," of the Notes to our Financial Statements in our 2011 Form 10-K. |
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- Details
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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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Policies
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3 Months Ended |
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Mar. 23, 2012
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| Accounting Policies [Abstract] | |
| Restricted Cash | Restricted Cash Restricted cash in our Balance Sheets at the end of the 2012 first quarter and year-end 2011 is recorded as $7 million and zero, respectively, in the “Other current assets” line and $19 million and $16 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. |
| Cost Method Investments, Valuation Policy | We estimate the fair value of our cost method investments by applying a cap rate to stabilized earnings (a market approach using Level 2 inputs). |
| Earnings Per Share, Dilutive Securities Policy | 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. |
| Adoption of Accounting Standards Update No. 2011-04, Fair Value Measurement, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS | 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”) We adopted ASU No. 2011-04 which generally provides a uniform framework for fair value measurements and related disclosures between GAAP and International Financial Reporting Standards (“IFRS”). Additional disclosure requirements in the 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. The adoption of this update did not have a material impact on our financial statements. See the “Fair Value Measurements” caption of Footnote No. 1, “Summary of Significant Accounting Policies” of our 2011 Form 10-K for more information on the three levels of fair value measurements. |
| Adopted of Accounting Standards Updates No. 2011-05 and 2011-12, Comprehensive Income, Presentation Issues | 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 Reclassification of Items Out of Accumulated Other Comprehensive Income in ASU No. 2011-05" ("ASU No. 2011-12") We adopted ASU No. 2011-05 in the 2012 first quarter which 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, a statement of comprehensive income or (2) in two separate but consecutive financial statements, an income statement followed by a separate statement of other comprehensive income. We also adopted ASU No. 2011-12 which 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 required retrospective application. The adoption of these updates changed the order in which we presented certain financial statements, but did not have any other impact on our financial statements. |
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- Definition
Description of New Accounting Policies Adopted, Comprehensive Income, Presentation [Policy Text Block] No definition available.
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- Definition
Description of New Accounting Policies Adopted, Fair Value Measurement, Amendments to Reconcile to IFRS [Policy Text Block] No definition available.
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- Definition
Policy for computing the effect of dilutive securities. No definition available.
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- Details
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- Definition
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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- Definition
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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Share-Based Compensation (Tables)
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3 Months Ended | ||||||||||||||||||
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Mar. 23, 2012
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||
| Assumptions for the Employee SARs and Stock Options Granted | We used the following assumptions to determine the fair value of the Employee SARs and stock options granted during the first quarter of 2012.
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- Definition
The assumptions used to calculate fair value for share-based compensation arrangements. No definition available.
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- Details
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Fair Value of Financial Instruments (Tables)
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Mar. 23, 2012
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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.
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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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Mar. 23, 2012
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 and number of shares used in our calculations of basic and diluted earnings per share.
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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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Property and Equipment (Tables)
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Mar. 23, 2012
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| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Composition of our Property and Equipment Balances | 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:
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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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- Details
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Notes Receivable (Tables)
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Mar. 23, 2012
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| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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, and unamortized discounts for our notes receivable. Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates
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| Notes Receivable Unamortized Discounts | Notes Receivable Unamortized Discounts
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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 the first quarter of 2012:
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- Definition
Long Term Notes Receivable Balances Net Of Reserves And Unamortized Discounts [Table Text Block] No definition available.
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- Definition
Notes Receivable Balances Net Of Reserves [Table Text Block] No definition available.
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- Definition
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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- Definition
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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Long-term Debt (Tables)
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Mar. 23, 2012
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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) | 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)
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| Unamortized Debt Discounts | Unamortized Debt Discounts
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- Definition
Unamortized Discounts On Debt No definition available.
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- Definition
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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- Definition
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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Capital Structure (Tables)
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Mar. 23, 2012
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| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in Shareholders' Equity | The following table details changes in shareholders’ equity.
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- Definition
Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Contingencies (Tables)
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Mar. 23, 2012
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| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 March 23, 2012 in the following table.
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- Definition
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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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 23, 2012
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenues | Revenues
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| Net Income (Loss) | Net Income (Loss)
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| Equity in Losses of Equity Method Investees | Equity in Losses of Equity Method Investees
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| Assets | Assets
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| X | ||||||||||
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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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| X | ||||||||||
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- Definition
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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| X | ||||||||||
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- Definition
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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| X | ||||||||||
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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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| X | ||||||||||
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- Details
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Basis of Presentation - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
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Dec. 30, 2011
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|---|---|---|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
| Restricted cash, current | $ 7 | $ 0 |
| Restricted cash, noncurrent | $ 19 | $ 16 |
| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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Income Taxes - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 23, 2012
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Dec. 30, 2011
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| Income Taxes [Line Items] | ||
| Change in unrecognized tax benefits | $ 1 | |
| Unrecognized tax benefits | 40 | 39 |
| Unrecognized tax benefits that, if recognized, would impact the effective tax rate | 24 | |
| Spin-off of MVW adjustment | 17 | |
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Additional Paid-in-Capital
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| Income Taxes [Line Items] | ||
| Spin-off of MVW adjustment | $ 17 |
| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Represents increases or decreases in additional paid in capital not separately disclosed. No definition available.
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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.
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| X | ||||||||||
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- Definition
Share Based Compensation Arrangement By Share Based Payment Award Expiration No definition available.
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Definition
Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Net number of share options (or share units) granted during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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Assumptions for the Employee SARs Granted (Detail) (Stock Option Program and Stock Appreciation Right Program)
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3 Months Ended |
|---|---|
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Mar. 23, 2012
Year
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Stock Option Program and Stock Appreciation Right Program
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Expected volatility | 31.00% |
| Dividend yield | 1.01% |
| Risk-free rate, minimum | 1.90% |
| Risk-free rate, maximum | 2.00% |
| Expected term (in years) | 8 |
| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Definition
The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
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| X | ||||||||||
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- Definition
The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
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| X | ||||||||||
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- Details
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Fair Value of Financial Instruments - Additional Information (Detail) (Fair Value, Inputs, Level 1, USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
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|---|---|
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Fair Value, Inputs, Level 1
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| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Carrying value of our marketable securities | $ 53 |
| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Definition
Total of all financial instruments that are assets. No definition available.
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| X | ||||||||||
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- Definition
Total of all financial instruments that are liabilities. No definition available.
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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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 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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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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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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| X | ||||||||||
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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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| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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| X | ||||||||||
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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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| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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Earnings Per Share - Additional Information (Detail) (Stock Option Program and Stock Appreciation Right Program, AntiDilutive Due to Exercise Price Greater Than Market Price, USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 23, 2012
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Mar. 25, 2011
|
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| Earnings Per Share Disclosure [Line Items] | ||
| Securities not included in the calculation of diluted earnings per share (in shares) | 1.0 | 1.0 |
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Lower Limit
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| 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) | $ 38.49 | $ 40.84 |
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Upper Limit
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| 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 |
| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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.
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| X | ||||||||||
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- 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
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Inventory - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
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Dec. 30, 2011
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|---|---|---|
| Inventory Disclosure [Abstract] | ||
| Inventory | $ 12 | $ 11 |
| 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
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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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Composition of our Notes Receivable Balances (Net of Reserves) (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
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Dec. 30, 2011
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|---|---|---|
| Receivables [Abstract] | ||
| Total notes receivable | $ 300 | $ 382 |
| Less current portion | (77) | (84) |
| Notes receivable, noncurrent | $ 223 | $ 298 |
| X | ||||||||||
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- 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
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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
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
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| X | ||||||||||
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- Details
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Composition of Long Term Notes Receivable Balances (Net of Reserves and Unamortized Discounts) (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
|
Dec. 30, 2011
|
|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Notes receivable, noncurrent | $ 223 | $ 298 |
|
Loans to equity method investees
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| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Notes receivable, noncurrent | 2 | 2 |
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Other notes receivable
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| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Notes receivable, noncurrent | $ 221 | $ 296 |
| X | ||||||||||
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- Details
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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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Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts) and Interest Rates (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
|
Dec. 30, 2011
|
|---|---|---|
| Receivables [Abstract] | ||
| 2012 | $ 64 | |
| 2013 | 52 | |
| 2014 | 43 | |
| 2015 | 66 | |
| 2016 | 0 | |
| Thereafter | 75 | |
| Total notes receivable | $ 300 | $ 382 |
| Weighted average interest rate | 3.90% | |
| Range of stated interest rates, minimum | 0.00% | |
| Range of stated interest rates, maximum | 12.70% |
| X | ||||||||||
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- Definition
Future Principal Payments On Notes Receivable After Year Five No definition available.
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| X | ||||||||||
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- Definition
Future Principal Payments On Notes Receivable In Year Five No definition available.
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| X | ||||||||||
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- Definition
Future Principal Payments On Notes Receivable In Year Four No definition available.
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| X | ||||||||||
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- Definition
Future Principal Payments On Notes Receivable In Year Three No definition available.
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| X | ||||||||||
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- Definition
Future Principal Payments On Notes Receivable In Year Two No definition available.
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| X | ||||||||||
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- Definition
Future Principal Payments On Notes Receivable Within Year One No definition available.
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| X | ||||||||||
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- Definition
Upper limit of range of stated interest rates for total notes receivable as of the balance sheet date indicated. No definition available.
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| X | ||||||||||
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- Definition
Lower limit of range of stated interest rates for total notes receivable as of the balance sheet date indicated. No definition available.
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| X | ||||||||||
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- Definition
Weighted average interest rate for total notes receivable as of the balance sheet date indicated. No definition available.
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Details
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Notes Receivable Unamortized Discounts (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
|
Dec. 30, 2011
|
|---|---|---|
| Receivables [Abstract] | ||
| Notes Receivable Unamortized Discounts Balance | $ 13 | $ 12 |
| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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|
Activity Related to "Senior, mezzanine, and other loans" Notes Receivable Reserve (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended |
|---|---|
|
Mar. 23, 2012
|
|
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |
| Beginning Balance | $ 78 |
| Additions | 0 |
| Reversals | (1) |
| Transfers and other | (1) |
| Ending Balance | $ 76 |
| X | ||||||||||
|
- Definition
Financing receivable allowance for credit losses, other adjustments No definition available.
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| X | ||||||||||
|
- Definition
Reduction to the allowance for credit losses related to improved cash flows of underlying property. No definition available.
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| X | ||||||||||
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- Definition
A valuation allowance for financing receivables that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| 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
|
|
Notes Receivable - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | ||
|---|---|---|---|
|
Mar. 23, 2012
|
Mar. 25, 2011
|
Dec. 30, 2011
|
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
| Investment in impaired loans | $ 92 | $ 96 | |
| Notes receivable reserve representing an allowance for credit losses | 76 | 78 | |
| Average investment in impaired loans | 94 | 86 | |
| Notes receivable, past due | 8 | ||
|
Impaired Financing Receivables with No Related Allowance
|
|||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
| Investment in impaired loans | 16 | 18 | |
|
Senior Mezzanine And Other Loans
|
|||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
| Notes receivable reserve representing an allowance for credit losses | $ 78 | ||
| 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
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 $)
|
3 Months Ended | ||||
|---|---|---|---|---|---|
|
Mar. 23, 2012
|
Mar. 25, 2011
|
Mar. 23, 2012
Series K, Senior Notes 3.000% Due March 1, 2019
offering
|
Feb. 27, 2012
February 27, 2012 Offering
Series K, Senior Notes 3.000% Due March 1, 2019
|
Mar. 14, 2012
March 14, 2012 Offering
Series K, Senior Notes 3.000% Due March 1, 2019
|
|
| Debt Instrument [Line Items] | |||||
| Senior notes, face amount | $ 600,000,000 | $ 400,000,000 | $ 200,000,000 | ||
| Debt instrument, stated interest rate | 3.00% | 3.00% | |||
| Number of offerings comprising notes | 2 | ||||
| Proceeds from issuance of senior notes | 590,000,000 | 0 | 590,000,000 | ||
| Multicurrency revolving credit agreement, aggregate effective borrowings | 1,750,000,000 | ||||
| Cash paid for interest, net of amounts capitalized | $ 10,000,000 | $ 24,000,000 | |||
| X | ||||||||||
|
- Definition
Number of Offerings Comprising Notes No definition available.
|
| 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
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| 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
|
| 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
|
|
Debt Principal Payments (Net of Unamortized Discounts) (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
|
Dec. 30, 2011
|
|---|---|---|
| Debt Disclosure [Abstract] | ||
| 2012 | $ 354 | |
| 2013 | 408 | |
| 2014 | 63 | |
| 2015 | 315 | |
| 2016 | 388 | |
| Thereafter | 999 | |
| Long-term debt | $ 2,527 | $ 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 |
Mar. 23, 2012
|
Dec. 30, 2011
|
|---|---|---|
| Debt Disclosure [Abstract] | ||
| Unamortized discount balance | $ 18 | $ 12 |
| 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
|
|
Changes in Shareholders' Equity (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 23, 2012
|
Mar. 25, 2011
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
| Beginning balance | $ (781) | |
| Net income | 104 | 101 |
| Other comprehensive income | 10 | 4 |
| Cash dividends ($0.1000 per share) | (34) | |
| Employee stock plan issuance | 20 | |
| Purchase of treasury stock | (150) | |
| Spin-off of MVW adjustment | (17) | |
| Ending balance | (848) | |
| Cash dividends, per share | $ 0.1000 | |
|
Class A Common Stock
|
||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
| Beginning balance | 5 | |
| Beginning balance, shares | 333.0 | |
| Net income | 0 | |
| Other comprehensive income | 0 | |
| Cash dividends ($0.1000 per share) | 0 | |
| Employee stock plan issuance | 0 | |
| Employee stock plan issuance, shares | 3.6 | |
| Purchase of treasury stock | 0 | |
| Purchase of treasury stock, shares | (4.2) | |
| Ending balance | 5 | |
| Ending balance, shares | 332.4 | |
|
Additional Paid-in-Capital
|
||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
| Beginning balance | 2,513 | |
| Net income | 0 | |
| Other comprehensive income | 0 | |
| Cash dividends ($0.1000 per share) | 0 | |
| Employee stock plan issuance | (58) | |
| Purchase of treasury stock | 0 | |
| Spin-off of MVW adjustment | (17) | |
| Ending balance | 2,438 | |
|
Retained Earnings
|
||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
| Beginning balance | 3,212 | |
| Net income | 104 | |
| Other comprehensive income | 0 | |
| Cash dividends ($0.1000 per share) | (34) | |
| Employee stock plan issuance | (33) | |
| Purchase of treasury stock | 0 | |
| Ending balance | 3,249 | |
|
Treasury Stock, at Cost
|
||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
| Beginning balance | (6,463) | |
| Net income | 0 | |
| Other comprehensive income | 0 | |
| Cash dividends ($0.1000 per share) | 0 | |
| Employee stock plan issuance | 111 | |
| Purchase of treasury stock | (150) | |
| Ending balance | (6,502) | |
|
Accumulated Other Comprehensive Loss
|
||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
| Beginning balance | (48) | |
| Net income | 0 | |
| Other comprehensive income | 10 | |
| Cash dividends ($0.1000 per share) | 0 | |
| Employee stock plan issuance | 0 | |
| Purchase of treasury stock | 0 | |
| Ending balance | $ (38) | |
| 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
Represents increases or decreases in additional paid in capital not separately disclosed. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate dividends paid during the period for each share of common stock outstanding. 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
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 | ||||||||||
|
- Details
|
| 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
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 | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- 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
|
|
Contingencies - Guarantees (Details)
|
3 Months Ended | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 23, 2012
|
Mar. 23, 2012
Primary Obligor
USD ($)
|
Mar. 23, 2012
Primary Obligor
Other Current Liabilities
USD ($)
|
Mar. 23, 2012
Primary Obligor
Other Long Term Liabilities
USD ($)
|
Mar. 23, 2012
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Guarantee, Operating Profit
Primary Obligor
USD ($)
|
Mar. 23, 2012
Guarantee, Indebtedness of Others
Primary Obligor
USD ($)
|
Mar. 23, 2012
Debt Securities Payable
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Not Yet In Effect Condition
Guarantee, Operating Profit
Primary Obligor
USD ($)
|
Mar. 23, 2012
Not Yet In Effect Condition
Guarantee, Indebtedness of Others
Primary Obligor
USD ($)
|
Mar. 23, 2012
Sunrise Senior Living Inc
Property Lease Guarantee
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Sunrise Senior Living Inc
Debt Securities Payable
Secondarily Liable
USD ($)
|
Mar. 23, 2012
CNL Retirement Properties Inc
Debt Securities Payable
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Five Star Senior Living
Debt Securities Payable
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Renaissance Hotel Group N.V.
Property Lease Guarantee
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Renaissance Hotel Group N.V.
Property Lease Guarantee
Secondarily Liable
EUR (€)
|
Sep. 09, 2005
Renaissance Hotel Group N.V.
Property Lease Guarantee
Secondarily Liable
EUR (€)
|
Mar. 23, 2012
MVW Spin-off
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Project Two
Project Completion Guarantee
USD ($)
|
Mar. 23, 2012
Project Two
Project Completion Guarantee
CAD
|
Dec. 30, 2011
Within Two Years From Balance Sheet Date
Sunrise Senior Living Inc
Secondarily Liable
USD ($)
|
Mar. 23, 2012
More than Two and Within Seven Years from Balance Sheet Date
Sunrise Senior Living Inc
Property Lease Guarantee
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Expiration in 2022
MVW Spin-off
Secondarily Liable
USD ($)
Contract
|
Mar. 23, 2012
Expiration in 2022
MVW Spin-off
Secondarily Liable
SGD
|
Mar. 23, 2012
Letter of Credit
Key Bank
More than Two and Within Seven Years from Balance Sheet Date
Sunrise Senior Living Inc
Property Lease Guarantee
Secondarily Liable
USD ($)
|
Mar. 23, 2012
Ritz-Carlton
USD ($)
|
Dec. 30, 2011
Ritz-Carlton
Guarantee, Operating Profit
Primary Obligor
USD ($)
|
Mar. 23, 2012
Ritz-Carlton
Guarantee, Operating Profit
Secondarily Liable
USD ($)
|
|
| Commitments and Contingencies Disclosure [Line Items] | ||||||||||||||||||||||||||||
| Liability for expected future fundings | $ 49,000,000 | $ 8,000,000 | $ 41,000,000 | $ 36,000,000 | $ 9,000,000 | |||||||||||||||||||||||
| Funding guarantees, minimum term (in years) | 4 years | |||||||||||||||||||||||||||
| Funding guarantees, maximum term (in years) | 10 years | |||||||||||||||||||||||||||
| Maximum potential amount of future fundings | 213,000,000 | 163,000,000 | 104,000,000 | 92,000,000 | 38,000,000 | 4,000,000 | 23,000,000 | 125,000,000 | 6,000,000 | 31,000,000 | 1,000,000 | 37,000,000 | 510,000,000 | 508,000,000 | 24,000,000 | 31,000,000 | 69,000,000 | 69,000,000 | ||||||||||
| Payment received for notes receivable | 69,000,000 | |||||||||||||||||||||||||||
| Pro rata ownership in the joint venture | 20.00% | 20.00% | ||||||||||||||||||||||||||
| Guarantee obligations, carrying value | 2,000,000 | 3,000,000 | ||||||||||||||||||||||||||
| Net worth of reimbursing counterparty | 1,000,000,000 | |||||||||||||||||||||||||||
| Number of guarantees provided | 1 | 1 | ||||||||||||||||||||||||||
| Cash collateral in the event funding is required | 3,000,000 | 1,000,000 | ||||||||||||||||||||||||||
| Length of operating lease extension (in years) | 5 years | |||||||||||||||||||||||||||
| Letter of credit provided by Sunrise, amount available | 85,000,000 | |||||||||||||||||||||||||||
| Collateral for continuing lease obligation contingency, future minimum annual payments due | 1,000,000 | |||||||||||||||||||||||||||
| Annual rent payments, approximately | 6,000,000 | |||||||||||||||||||||||||||
| Remaining rent payments, approximately | 45,000,000 | |||||||||||||||||||||||||||
| Guarantee obligations, cash collateralized | $ 6,000,000 | € 4,000,000 | € 35,000,000 | |||||||||||||||||||||||||
| 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
Funding Guarantees, Maximum Term No definition available.
|
| X | ||||||||||
|
- Definition
Funding Guarantees, Minimum Term 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
Line of Credit Facility Provided by Third Party, Current Borrowing Capacity No definition available.
|
| X | ||||||||||
|
- Definition
Net Worth of Reimbursing Counterparty No definition available.
|
| X | ||||||||||
|
- Definition
Number of Guarantees Provided No definition available.
|
| X | ||||||||||
|
- Definition
Operating Lease Extension, Term 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
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
The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Contingencies - Commitments and Letters of Credit (Detail)
In Millions, unless otherwise specified |
3 Months Ended | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 23, 2012
USD ($)
|
Mar. 23, 2012
Within Three Years From Balance Sheet Date
USD ($)
|
Mar. 23, 2012
One Year from Balance Sheet Date
USD ($)
|
Mar. 23, 2012
More than One and within Two Years from Balance Sheet Date
USD ($)
|
Mar. 23, 2012
More than Two and within Three Years from Balance Sheet Date
USD ($)
|
Mar. 23, 2012
Line of Credit Facility
USD ($)
|
Mar. 23, 2012
Outside Effective Credit Facility
USD ($)
|
Mar. 23, 2012
Lodging Properties Commitments
USD ($)
|
Mar. 23, 2012
Lodging Properties Commitments
Within Three Years From Balance Sheet Date
USD ($)
|
Mar. 23, 2012
Lodging Properties Commitments
More than Five Years from Balance Sheet Date and Thereafter
USD ($)
|
Mar. 23, 2012
Investment in Other Joint Venture Commitment
Group 4
Entity
|
Mar. 23, 2012
Investment in Other Joint Venture Commitment
Group 4
Entity
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 4
USD ($)
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 4
EUR (€)
|
Mar. 23, 2012
Investment in Other Joint Venture Commitment
Group 4
One Year from Balance Sheet Date
EUR (€)
|
Mar. 23, 2012
Real Estate Investment
Within Two Years From Balance Sheet Date
EUR (€)
|
Mar. 23, 2012
Real Estate Investment
Within Three Years From Balance Sheet Date
|
Mar. 23, 2012
Real Estate Investment
One Year from Balance Sheet Date
USD ($)
|
Mar. 23, 2012
Real Estate Investment
More than One and within Two Years from Balance Sheet Date
USD ($)
|
Mar. 23, 2012
Real Estate Investment
Upper Limit
Within Two Years From Balance Sheet Date
USD ($)
|
Mar. 23, 2012
Commitments
USD ($)
|
Mar. 23, 2012
Commitments
Within Two Years From Balance Sheet Date
USD ($)
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Mar. 23, 2012
Full Service and Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Within Three Years From Balance Sheet Date
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Mar. 23, 2012
Full Service and Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Upper Limit
Within Two Years From Balance Sheet Date
USD ($)
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Mar. 23, 2012
Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Upper Limit
Within Two Years From Balance Sheet Date
USD ($)
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| Commitments and Contingencies Disclosure [Line Items] | |||||||||||||||||||||||||
| Investment commitment | $ 9 | $ 2 | $ 11 | $ 7 | $ 24 | ||||||||||||||||||||
| Number of years expected to fund | 2 years | 2 years | |||||||||||||||||||||||
| Investment commitments not expected to be funded | 34 | ||||||||||||||||||||||||
| Loan commitments not expected to be funded | 5 | 4 | 1 | ||||||||||||||||||||||
| Number of years expected to expire | 3 years | 5 years | |||||||||||||||||||||||
| Acquisition interests in joint ventures | 50.00% | 50.00% | |||||||||||||||||||||||
| Number of new joint ventures | 2 | 2 | |||||||||||||||||||||||
| Contingent acquisition period (in years) | 9 years | 9 years | |||||||||||||||||||||||
| 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 | 60 | |||||||||||||||||||||||
| Number of years to acquire remaining interest | 2 years | ||||||||||||||||||||||||
| Purchase commitments, funded and unfunded | 86 | 37 | 47 | 2 | |||||||||||||||||||||
| Purchase commitments, term (in years) | 3 years | ||||||||||||||||||||||||
| Letters of credit outstanding | 65 | 1 | 64 | ||||||||||||||||||||||
| Surety bonds issued | $ 108 | ||||||||||||||||||||||||
| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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.
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| X | ||||||||||
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- 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.
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| X | ||||||||||
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- Definition
Expected Undisbursed Investment Commitments Amount No definition available.
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| X | ||||||||||
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- Definition
Expected Undisbursed Loan Commitments Amount No definition available.
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| X | ||||||||||
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- Definition
Commitments to invest. No definition available.
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| X | ||||||||||
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- Definition
Number Of New Joint Ventures No definition available.
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| X | ||||||||||
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- Definition
The number of years after or within which a commitment is expected to expire. No definition available.
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| X | ||||||||||
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- Definition
The number of years within which we expect to fund a commitment. No definition available.
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| X | ||||||||||
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- Definition
The number of years within which we are obligated to acquire the remaining interest. No definition available.
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| X | ||||||||||
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- Definition
Ownership Interest Purchase Contingency Term No definition available.
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| X | ||||||||||
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- Definition
Total purchase commitment, which includes both the funded and unfunded commitment amounts. No definition available.
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| X | ||||||||||
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- Definition
Purchase Commitments, Term No definition available.
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| X | ||||||||||
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- Definition
The unfunded amount of the purchase commitment. No definition available.
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| X | ||||||||||
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- Definition
The remaining joint venture interest that we have a right and under certain circumstances an obligation to acquire. No definition available.
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| X | ||||||||||
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- Definition
Amount of surety bonds issued as of the balance sheet date. No definition available.
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| X | ||||||||||
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- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
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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 |
Mar. 23, 2012
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|---|---|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | $ 213 |
| Liability for Expected Future Fundings | 49 |
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Guarantee, Indebtedness of Others
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| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 92 |
| Liability for Expected Future Fundings | 9 |
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Guarantee, Operating Profit
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| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 104 |
| Liability for Expected Future Fundings | 36 |
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Guarantee, Other
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| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 17 |
| Liability for Expected Future Fundings | $ 4 |
| X | ||||||||||
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- 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
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- 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
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Business Segment - Additional Information (Detail)
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3 Months Ended |
|---|---|
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Mar. 23, 2012
segment
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| Segment Reporting [Abstract] | |
| Number of business segments | 4 |
| X | ||||||||||
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- Definition
Number Of Reportable Segments (New item in 2012 taxonomy) No definition available.
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| X | ||||||||||
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- Details
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Revenues (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 23, 2012
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Mar. 25, 2011
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | $ 2,552 | $ 2,778 |
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Total Reportable Segments
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | 2,503 | 2,762 |
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North American Full-Service Segment
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | 1,301 | 1,251 |
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North American Limited-Service Segment
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | 532 | 502 |
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International Segment
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | 271 | 266 |
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Luxury Segment
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | 399 | 385 |
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Former Timeshare Segment
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | 0 | 358 |
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Other Unallocated Corporate
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| Segment Reporting, Revenue Reconciling Item [Line Items] | ||
| Revenues | $ 49 | $ 16 |
| X | ||||||||||
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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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| X | ||||||||||
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- Details
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Net Income (Loss) (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |||||
|---|---|---|---|---|---|---|
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Mar. 23, 2012
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Mar. 25, 2011
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Income taxes | $ (43) | $ (51) | ||||
| Net income (loss) | 104 | 101 | ||||
| Interest expense | 33 | 41 | ||||
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Total Reportable Segments
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Segment financial results | 229 | 239 | ||||
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North American Full-Service Segment
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Segment financial results | 89 | 78 | ||||
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North American Limited-Service Segment
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Segment financial results | 84 | 72 | ||||
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International Segment
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Segment financial results | 35 | 36 | ||||
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Luxury Segment
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Segment financial results | 21 | 18 | ||||
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Former Timeshare Segment
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Segment financial results | 0 | 35 | ||||
| Interest expense | 12 | |||||
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Unallocated Amount to Segment
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| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
| Segment financial results | 53 | 62 | ||||
| Interest expense and interest income | (29) | [1] | (25) | [1] | ||
| Income taxes | $ (43) | $ (51) | ||||
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| X | ||||||||||
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- Definition
Income Loss before Interest Income, Interest Expense and Income Taxes No definition available.
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| X | ||||||||||
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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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| X | ||||||||||
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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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| X | ||||||||||
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- 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.
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| X | ||||||||||
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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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| X | ||||||||||
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- Details
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Equity in Losses of Equity Method Investees (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 23, 2012
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Mar. 25, 2011
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| Segment Reporting Information [Line Items] | ||
| Equity in losses of equity method investees | $ (1) | $ (4) |
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Total Reportable Segments
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| Segment Reporting Information [Line Items] | ||
| Equity in losses of equity method investees | (1) | (4) |
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North American Full-Service Segment
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| Segment Reporting Information [Line Items] | ||
| Equity in losses of equity method investees | 0 | (1) |
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North American Limited-Service Segment
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| Segment Reporting Information [Line Items] | ||
| Equity in losses of equity method investees | 0 | (2) |
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Luxury Segment
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| Segment Reporting Information [Line Items] | ||
| Equity in losses of equity method investees | $ (1) | $ (1) |
| X | ||||||||||
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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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| X | ||||||||||
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- Details
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Assets (Detail) (USD $)
In Millions, unless otherwise specified |
Mar. 23, 2012
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Dec. 30, 2011
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|---|---|---|
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | $ 6,171 | $ 5,910 |
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Total Reportable Segments
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| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 3,863 | 3,695 |
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North American Full-Service Segment
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| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,261 | 1,241 |
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North American Limited-Service Segment
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| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 514 | 497 |
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International Segment
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| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,054 | 1,026 |
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Luxury Segment
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| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,034 | 931 |
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Other Unallocated Corporate
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| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | $ 2,308 | $ 2,215 |
| 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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- Details
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Acquisitions - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |||
|---|---|---|---|---|
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Mar. 23, 2012
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Mar. 25, 2011
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Mar. 23, 2012
Group 13
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Dec. 30, 2011
Group 13
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| Significant Acquisitions and Disposals [Line Items] | ||||
| Cash consideration paid | $ 197 | $ 62 | $ 160 | |
| Deposit made in conjunction with acquisition | $ 6 | |||
| X | ||||||||||
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- 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
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Details
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Variable Interest Entities - Additional Information (Detail) (CTF Entity, USD $)
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Mar. 23, 2012
Entity
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|---|---|
| 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 |
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Variable Interest Entity, Not Primary Beneficiary
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| Variable Interest Entity [Line Items] | |
| Number of hotels managed | 8 |
| Number of tenant entities to whom hotel management services provided | 3 |
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Variable Interest Entity, Not Primary Beneficiary | Five of Eight Hotels | Secondarily Liable
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| Variable Interest Entity [Line Items] | |
| Future lease payment | 19,000,000 |
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Variable Interest Entity, Not Primary Beneficiary | Three of Eight Hotels | Secondarily Liable
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| Variable Interest Entity [Line Items] | |
| Future lease payment | $ 12,000,000 |
| X | ||||||||||
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- 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.
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| X | ||||||||||
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- Definition
The number of hotels for which we are liable if the hotels have cash flow shortfalls. No definition available.
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| X | ||||||||||
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- Definition
Number Of Hotels Managed No definition available.
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| X | ||||||||||
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- Definition
Number of properties fully released from guarantees No definition available.
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| X | ||||||||||
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- Definition
Number of properties partially released from guarantees No definition available.
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| X | ||||||||||
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- Definition
Number of Tenant Entities to Whom Hotel Management Services Provided No definition available.
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| X | ||||||||||
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- Definition
Percent of tenant entities owned by Variable Interest Entity No definition available.
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| X | ||||||||||
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- 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
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| X | ||||||||||
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- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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Spin-off - Additional Information (Detail) (USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 23, 2012
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Nov. 21, 2011
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| Spinoff Disclosure [Abstract] | ||
| Shares of MVW US Holdings, Inc. beneficially owned | 0 | |
| Franchise fees, annual fee for use of Marriott timeshare and Ritz-Carlton fractional brands | $ 50 | |
| Franchise fees, percentage of developer contract sales | 2.00% | |
| Franchise fees, percentage of gross resales | 1.00% |
| X | ||||||||||
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- Definition
Franchise Fees, Annual Fee No definition available.
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| X | ||||||||||
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- Definition
Franchise Fees, Percentage Of Developer Contract Sales No definition available.
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| X | ||||||||||
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- Definition
Franchise Fees, Percentage of Gross Resales No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Spin Off Entity Shares Beneficially Owned No definition available.
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