Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 18, 2010	Jul. 02, 2010
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 18, 2010
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	Q2
Trading Symbol	MAR
Entity Registrant Name	MARRIOTT INTERNATIONAL INC /MD/
Entity Central Index Key	0001048286
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		362,811,812

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009
REVENUES
Base management fees	$ 136	$ 126	$ 261	$ 251
Franchise fees	105	93	196	181
Incentive management fees	46	35	86	78
Owned, leased, corporate housing, and other revenue	255	238	484	458
Timeshare sales and services (including note sale losses of $1 for the twenty-four weeks ended June 19, 2009)	289	283	574	492
Cost reimbursements	1,940	1,787	3,800	3,597
Revenue	2,771	2,562	5,401	5,057
OPERATING COSTS AND EXPENSES
Owned, leased, and corporate housing-direct	224	217	441	424
Timeshare-direct	239	279	474	499
Reimbursed costs	1,940	1,787	3,800	3,597
Restructuring costs	0	33	0	35
General, administrative, and other	142	147	280	363
Costs and Expenses, Total	2,545	2,463	4,995	4,918
OPERATING INCOME	226	99	406	139
Gains and other income (including gain on debt extinguishment of $21 for the twenty-four weeks ended June 19, 2009)	3	3	4	28
Interest expense	(44)	(28)	(89)	(57)
Interest income	3	9	7	15
Equity in losses	(4)	(4)	(15)	(38)
INCOME BEFORE INCOME TAXES	184	79	313	87
Provision for income taxes	(65)	(44)	(111)	(77)
NET INCOME	119	35	202	10
Add: Net losses attributable to noncontrolling interests, net of tax	0	2	0	4
NET INCOME ATTRIBUTABLE TO MARRIOTT	$ 119	$ 37	$ 202	$ 14
EARNINGS PER SHARE-Basic
Earnings per share attributable to Marriott shareholders	$ 0.33	$ 0.10	$ 0.56	$ 0.04
EARNINGS PER SHARE-Diluted
Earnings per share attributable to Marriott shareholders	$ 0.31	$ 0.10	$ 0.54	$ 0.04
CASH DIVIDENDS DECLARED PER SHARE	$ 0.0400	$ 0.0000	$ 0.0800	$ 0.0866

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 19, 2009
Timeshare sales and services, note sale losses	$ (1)
Gains and other income, gain on debt extinguishment	$ 21

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Current assets
Cash and equivalents (including from VIEs of $3 and $6, respectively)	$ 100	$ 115
Accounts and notes receivable (including from VIEs of $113 and $3, respectively)	956	838
Inventory (including from VIEs of $194 and $96, respectively)	1,467	1,444
Current deferred taxes, net	242	255
Prepaid expenses	93	68
Other (including from VIEs of $49 and $0, respectively)	93	131
Assets, Current, Total	2,951	2,851
Property and equipment (including from VIEs of $20 and $0, respectively)	1,335	1,362
Intangible assets
Goodwill	875	875
Contract acquisition costs and other	735	731
Goodwill And Intangible Assets, Net, Total	1,610	1,606
Equity and cost method investments	245	249
Notes receivable (including from VIEs of $849 and $0, respectively)	1,230	452
Deferred taxes, net	1,074	1,020
Other (including from VIEs of $16 and $0, respectively)	202	393
Total Assets	8,647	7,933
Current liabilities
Current portion of long-term debt (including from VIEs of $118 and $2, respectively)	142	64
Accounts payable	475	562
Accrued payroll and benefits	598	519
Liability for guest loyalty program	457	454
Other (including from VIEs of $8 and $7, respectively)	679	688
Liabilities, Current, Total	2,351	2,287
Long-term debt (including from VIEs of $872 and $3, respectively)	2,769	2,234
Liability for guest loyalty program	1,219	1,193
Other long-term liabilities	1,084	1,077
Marriott shareholders' equity
Class A Common Stock	5	5
Additional paid-in-capital	3,552	3,585
Retained earnings	3,130	3,103
Treasury stock, at cost	(5,458)	(5,564)
Accumulated other comprehensive (loss) income	(5)	13
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total	1,224	1,142
Liabilities and Stockholders' Equity, Total	$ 8,647	$ 7,933

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Cash and equivalents	$ 100	$ 115
Accounts and notes receivable	956	838
Inventory	1,467	1,444
Other	93	131
Property and equipment	1,335	1,362
Notes receivable	1,230	452
Other	202	393
Current portion of long-term debt	142	64
Other	679	688
Long-term debt	2,769	2,234
Variable Interest Entity, Primary Beneficiary
Cash and equivalents	3	6
Accounts and notes receivable	113	3
Inventory	194	96
Other	49	0
Property and equipment	20	0
Notes receivable	849	0
Other	16	0
Current portion of long-term debt	118	2
Other	8	7
Long-term debt	$ 872	$ 3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009
OPERATING ACTIVITIES
Net income	$ 202	$ 10
Adjustments to reconcile to cash provided by (used in) operating activities:
Depreciation and amortization	81	81
Income taxes	61	27
Timeshare activity, net	125	80
Liability for guest loyalty program	26	63
Restructuring costs, net	(6)	17
Asset impairments and write-offs	6	60
Working capital changes and other	27	9
Net cash provided by operating activities	522	347
INVESTING ACTIVITIES
Capital expenditures	(64)	(83)
Dispositions	0	1
Loan advances	(10)	(18)
Loan collections and sales	9	7
Equity and cost method investments	(9)	(14)
Contract acquisition costs	(20)	(14)
Other	25	48
Net cash used in investing activities	(69)	(73)
FINANCING ACTIVITIES
Credit facility, net	(329)	(73)
Repayment of long-term debt	(179)	(157)
Issuance of Class A Common Stock	54	8
Dividends paid	(14)	(61)
Net cash used in financing activities	(468)	(283)
DECREASE IN CASH AND EQUIVALENTS	(15)	(9)
CASH AND EQUIVALENTS, beginning of period	115	134
CASH AND EQUIVALENTS, end of period	$ 100	$ 125

Basis of Presentation

6 Months Ended

Jun. 18, 2010

Basis of Presentation

1.	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 accordance with the guidance for noncontrolling interests in consolidated financial statements, references in this report to our earnings per share, net income and shareholders’ equity attributable to Marriott do not include noncontrolling interests (previously known as minority interests), which we report separately.

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 condensed consolidated 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 January 1, 2010, (“2009 Form 10-K”). Certain terms not otherwise defined in this quarterly report have the meanings specified in our 2009 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 2010 second quarter ended on June 18, 2010; our 2009 fourth quarter ended on January 1, 2010; and our 2009 second quarter ended on June 19, 2009. In our opinion, our condensed consolidated financial statements reflect all normal and recurring adjustments necessary to present fairly our financial position as of June 18, 2010, and January 1, 2010, the results of our operations for the twelve and twenty-four weeks ended June 18, 2010, and June 19, 2009, and cash flows for the twenty-four weeks ended June 18, 2010, and June 19, 2009. 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. We have also reclassified certain prior year amounts to conform to our 2010 presentation.

Adoption of New Accounting Standards Resulting in Consolidation of Special Purpose Entities

On January 2, 2010, the first day of the 2010 fiscal year, we adopted Financial Accounting Standards No. 166, “Accounting for Transfers of Financial Assets, an Amendment of FASB Statement No. 140,” or Accounting Standards Update No. 2009-16, “Transfers and Servicing (Topic 860): Accounting for Transfers of Financial Assets,” (“ASU No. 2009-16”) and Financial Accounting Standards No. 167, “Amendments to FASB Interpretation No. 46(R),” or Accounting Standards Update No. 2009-17, “Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities” (“ASU No. 2009-17”).

Prior to our adoption of these topics, we used certain special purpose entities to securitize Timeshare segment notes receivables, which we treated as off-balance sheet entities, and we retained the servicing rights and varying subordinated interests in the securitized notes. Pursuant to GAAP in effect prior to fiscal 2010, we did not consolidate these special purpose entities in our financial statements because the securitization transactions qualified as sales of financial assets.

As a result of adopting both topics in the 2010 first quarter, we consolidated 13 existing qualifying special purpose entities associated with past securitization transactions. We recorded a one-time non-cash after-tax reduction to shareholders’ equity of $146 million ($238 million pretax) in the 2010 first quarter, representing the cumulative effect of a change in accounting principle. The one-time non-cash after-tax reduction to shareholders’ equity was approximately $41 million greater than we had estimated for this charge, as disclosed in our 2009 Form 10-K, primarily due to increased notes receivable reserves recorded for the newly consolidated notes receivable. This increase in reserves was due to a change in estimate of uncollectible accounts based on historical experience. We now reserve for 100 percent of notes that are in default in addition to the reserve we record on the remaining notes.

We recorded the cumulative effect of the adoption of these topics to our financial statements in the 2010 first quarter. This consisted primarily of reestablishing notes receivable (net of reserves) that had been transferred to special purpose entities as a result of the securitization transactions, eliminating residual interests that we initially recorded in connection with those transactions (and subsequently revalued on a periodic basis), the impact of recording debt obligations associated with third-party interests held in the special purpose entities, and related adjustments to inventory balances accounted for using the relative sales value method. We adjusted the inventory balance to include anticipated future revenue from the resale of inventory that we expect to acquire when we foreclose on defaulted notes.

Adopting these topics had the following impacts on our Condensed Consolidated Balance Sheet at January 2, 2010: (1) assets increased by $970 million, primarily representing the consolidation of notes receivable (and corresponding reserves) partially offset by the elimination of the Company’s retained interests; (2) liabilities increased by $1,116 million, primarily representing the consolidation of debt obligations associated with third party interests; and (3) shareholders’ equity decreased by approximately $146 million. Adopting these topics also impacted our income statement by increasing interest income (reflected in Timeshare sales and services revenue) from notes sold and increasing interest expense from consolidation of debt obligations, partially offset by the absence of accretion income on residual interests that were eliminated. We do not expect to recognize gains or losses from future securitizations of our timeshare notes following the adoption of these topics.

Please also see the parenthetical disclosures on our Condensed Consolidated Balance Sheets that show the amounts of consolidated assets and liabilities associated with variable interest entities (including Timeshare segment securitization variable interest entities) that we consolidated.

Restricted Cash

We recorded restricted cash, totaling $118 million and $76 million at the end of the 2010 second quarter and year-end 2009, respectively, in our Condensed Consolidated Balance Sheets as $87 million and $54 million, respectively, in the “Other current assets” line and $31 million and $22 million, respectively, in the “Other long-term assets” line. Restricted cash primarily consists of cash held in a reserve account related to Timeshare segment notes receivable securitizations; cash held internationally that we have not repatriated due to accounting, statutory, tax and foreign currency risks; and deposits received, primarily associated with timeshare interval, fractional ownership, and residential sales that are held in escrow until the contract is closed.

Fair Value Measurements

We have various financial instruments we must measure at fair value on a recurring basis, including certain marketable securities and derivatives. See Footnote No. 5, “Fair Value of Financial Instruments,” for further information. We also apply the provisions of fair value measurement to various non-recurring measurements for our financial and non-financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). We measure our assets and liabilities using inputs from the following three levels of the fair value hierarchy:

Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date.

Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 includes unobservable inputs that reflect our assumptions about what factors market participants would use in pricing the asset or liability. We develop these inputs based on the best information available, including our own data.

Derivative Instruments

The designation of a derivative instrument as a hedge and its ability to meet the hedge accounting criteria determine how the change in fair value of the derivative instrument is reflected in our Condensed Consolidated Financial Statements. A derivative qualifies for hedge accounting if, at inception, we expect the derivative to be highly effective in offsetting the underlying hedged cash flows or fair value and we fulfill the hedge documentation standards at the time we enter into the derivative contract. We designate a hedge as a cash flow hedge, fair value hedge, or a net investment in foreign operations hedge based on the exposure we are hedging. The asset or liability value of the derivative will change in tandem with its fair value. We record changes in fair value, for the effective portion of qualifying hedges, in other comprehensive income (“OCI”). We release the derivative’s gain or loss from OCI to match the timing of the underlying hedged items’ effect on earnings.

We review the effectiveness of our hedging instruments on a quarterly basis, recognize current period hedge ineffectiveness immediately in earnings, and discontinue hedge accounting for any hedge that we no longer consider to be highly effective. We recognize changes in fair value for derivatives not designated as hedges or those not qualifying for hedge accounting in current period earnings. Upon termination of cash flow hedges, we release gains and losses from OCI based on the timing of the underlying cash flows or revenue recognized, unless the termination results from the failure of the intended transaction to occur in the expected timeframe. Such untimely transactions require us to immediately recognize in earnings gains and losses previously recorded in OCI.

Changes in interest rates, foreign exchange rates, and equity securities expose us to market risk. We manage our exposure to these risks by monitoring available financing alternatives, as well as through development and application of credit granting policies. We also use derivative instruments, including cash flow hedges, net investment in foreign operations hedges, fair value hedges, and other derivative instruments, as part of our overall strategy to manage our exposure to market risks. As a matter of policy, we only enter into transactions that we believe will be highly effective at offsetting the underlying risk, and we do not use derivatives for trading or speculative purposes. See Footnote No. 5, “Fair Value of Financial Instruments,” for additional information.

- Definition

Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

New Accounting Standards

6 Months Ended

Jun. 18, 2010

New Accounting Standards

2.	New Accounting Standards

ASU No. 2009-16 and ASU No. 2009-17

We adopted ASU No. 2009-16 on the first day of our 2010 fiscal year, which amended FAS No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,” by: (1) eliminating the concept of a qualifying special-purpose entity (“QSPE”); (2) clarifying and amending the criteria for a transfer to be accounted for as a sale; (3) amending and clarifying the unit of account eligible for sale accounting; and (4) requiring that a transferor initially measure at fair value and recognize all assets obtained (for example beneficial interests) and liabilities incurred as a result of a transfer of an entire financial asset or group of financial assets accounted for as a sale. In addition, this topic requires us as a reporting entity to evaluate entities that had been treated as QSPEs under previous accounting guidance for consolidation under the applicable current guidance. The topic also mandates that we supplement our disclosures about, among other things, our continuing involvement with transfers of financial assets previously accounted for as sales, the inherent risks in our retained financial assets, and the nature and financial effect of restrictions on the assets that we continue to report in our balance sheet.

We also adopted ASU No. 2009-17 on the first day of our 2010 fiscal year, which changed the consolidation guidance applicable to variable interest entities (“VIEs”). This topic also amended the guidance on determination of whether an enterprise is the primary beneficiary of a VIE, and is, therefore, required to consolidate an entity, by requiring a qualitative, rather than the prior quantitative, analysis of the VIE. The new qualitative analysis includes, among other things, consideration of who has the power to direct those activities that most significantly impact the entity’s economic performance and who has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This topic also mandates that the enterprise continually reassess whether it is the primary beneficiary of a VIE, in contrast to the prior standard that required the primary beneficiary only be reassessed when specific events occurred. This topic now also expressly applies to QSPEs, which were previously exempt, and requires additional disclosures about an enterprise’s involvement with a VIE.

See Footnote No. 1, “Basis of Presentation,” for the impact on our financial statements of adopting these topics.

Accounting Standards Update No. 2010-06 “Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements” (“ASU No. 2010-06”)

We adopted certain provisions of ASU No. 2010-06 in the 2010 first quarter. Those provisions amended Subtopic 820-10, “Fair Value Measurements and Disclosures – Overall,” by requiring additional disclosures for transfers in and out of Level 1 and Level 2 fair value measurements, as well as requiring fair value measurement disclosures for each “class” of assets and liabilities, a subset of the captions in our Condensed Consolidated Balance Sheets. Our adoption did not have a material impact on our financial statements or disclosures, as we had no transfers between Level 1 and Level 2 fair value measurements and no material classes of assets and liabilities that required additional disclosure. See “Future Adoption of Accounting Standards” for the provisions of this topic that apply to future periods.

Accounting Standards Update No. 2010-09 “Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements” (“ASU No. 2010-09”)

We adopted ASU No. 2010-09 in the 2010 first quarter. ASU No. 2010-09 amended Subtopic 855-10, “Subsequent Events – Overall,” by removing the requirement for a United States Securities and Exchange Commission (“SEC”) registrant to disclose a date, in both issued and revised financial statements, through which that filer had evaluated subsequent events. Accordingly, we removed the related disclosure from Footnote No. 1, “Basis of Presentation.” Our adoption did not have a material impact on our financial statements.

Future Adoption of Accounting Standards

Accounting Standards Update No. 2009-13 “Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements” (“ASU No. 2009-13”)

ASU No. 2009-13 addresses the accounting for multiple-deliverable arrangements (complex contracts or related contracts that require the separate delivery of multiple goods and/or services) by expanding the circumstances in which vendors may account for deliverables separately rather than as a combined unit. This update clarifies the guidance on how to separate such deliverables and how to measure and allocate consideration for these arrangements to one or more units of accounting. The existing guidance requires a vendor to use vendor-specific objective evidence or third-party evidence of selling price to separate deliverables in multiple-deliverable arrangements. In addition to retaining this guidance, in situations where vendor-specific objective evidence or third-party evidence is not available, ASU No. 2009-13 will require a vendor to allocate arrangement consideration to each deliverable in multiple-deliverable arrangements based on each deliverable’s relative selling price. This update also expands disclosure requirements for multiple deliverable arrangements, can be applied either prospectively or retrospectively, and is effective for fiscal years beginning on or after June 15, 2010, with early adoption permitted. We are assessing the impact that adoption of ASU No. 2009-13 will have on our financial statements.

ASU No. 2010-06 – Provisions Effective in the 2011 First Quarter

Certain provisions of ASU No. 2010-06 are effective for fiscal years beginning after December 15, 2010, which for us will be our 2011 first quarter. Those provisions, which amended Subtopic 820-10, will require us to present as separate line items all purchases, sales, issuances, and settlements of financial instruments valued using significant unobservable inputs (Level 3) in the reconciliation for fair value measurements, in contrast to the current aggregate presentation as a single line item. Although this may change the appearance of our fair value reconciliations, we do not believe the adoption will have a material impact on our financial statements or disclosures.

Income Taxes

6 Months Ended

Jun. 18, 2010

Income Taxes

3.	Income Taxes

The Internal Revenue Service (“IRS”) has examined our federal income tax returns, and we have settled all issues for tax years through 2004. We filed a refund claim relating to 2000 and 2001. The IRS disallowed the claims, and in July 2009, we protested the disallowance. This issue is pending in the IRS Appeals Division. The 2005, 2006, 2007, and 2008 field examinations have been completed, and the unresolved issues from those years are now also with the IRS Appeals Division. IRS examinations for 2009 and 2010 are ongoing as part of the IRS’s Compliance Assurance Program. Various state, local, and foreign income tax returns are also under examination by taxing authorities.

As noted in Footnote No. 1, “Basis of Presentation,” we recorded a one-time non-cash pre-tax reduction to shareholders’ equity of approximately $238 million in conjunction with our first quarter 2010 adoption of ASU Nos. 2009-16 and 2009-17. Including the related $92 million decrease in deferred tax liabilities, the after-tax reduction to shareholders’ equity totaled $146 million.

For the second quarter of 2010, we increased unrecognized tax benefits by $2 million (from $222 million at the end of the 2010 first quarter). For the first half of 2010, we decreased unrecognized tax benefits by $25 million (from $249 million at year-end 2009), primarily reflecting the settlement of an unfavorable U.S. Court of Federal Claims decision involving a refund claim associated with a 1994 transaction. The settlement resulted in no further outlay of cash tax, and we do not anticipate any further cash tax payments for this issue. The unrecognized tax benefits balance of $224 million at the end of the 2010 second quarter included $112 million of tax positions that, if recognized, would impact our effective tax rate.

As a large taxpayer, we are under continual audit by the IRS and other taxing authorities. We anticipate concluding U.S. federal appeals negotiations for the 2005, 2006, 2007, and 2008 tax years in the next 12 months where the items under consideration include the taxation of our loyalty and gift card programs and the treatment of funds received from foreign subsidiaries. Conclusion of these negotiations could have a material impact on our unrecognized tax benefit balances.

Share-Based Compensation

6 Months Ended

Jun. 18, 2010

Share-Based Compensation

4.	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 $26 million and $22 million for the twelve weeks ended June 18, 2010 and June 19, 2009, respectively, and $50 million for each of the twenty-four weeks ended June 18, 2010 and June 19, 2009. Deferred compensation costs related to unvested awards totaled $173 million and $122 million at June 18, 2010 and January 1, 2010, respectively.

RSUs

We granted 3.7 million RSUs during the first half of 2010 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 half of 2010 had a weighted average grant-date fair value of $27.

SARs

We granted 1.1 million SARs to officers and key employees during the first half of 2010. These SARs expire 10 years after the date of grant and both vest and are exercisable in cumulative installments of one quarter at the end of each of the first four years following the date of grant. These SARs had a weighted average grant-date fair value of $10, and a weighted average exercise price of $27.

To estimate the fair value of each SAR granted, we use a binomial method, under which the weighted average expected SARs terms are calculated as the product of a lattice-based binomial valuation model that uses suboptimal exercise factors. We use historical data to estimate exercise behaviors for separate groups of retirement eligible and non-retirement eligible employees.

We used the following assumptions to determine the fair value of the Employee SARs granted during the first half of 2010.


Expected volatility	32	%
Dividend yield	0.71	%
Risk-free rate	3.3	%
Expected term (in years)	7

In making these assumptions, we based the 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, and we based the 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 2010 second quarter, 64 million shares were reserved under the Comprehensive Plan, including 35 million shares under the Stock Option Program and the SAR Program.

Fair Value of Financial Instruments

6 Months Ended

Jun. 18, 2010

Fair Value of Financial Instruments

5.	Fair Value of Financial Instruments

We believe that the fair values of our current assets and current liabilities approximate their reported carrying amounts. The following table shows 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.


	At June 18, 2010						At Year-End 2009
*($ in millions)*	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Cost method investments	$	46		$	43		$	41		$	43
Loans to timeshare owners – securitized		849			976			0			0
Loans to timeshare owners – non-securitized		288			307			352			368
Senior, mezzanine, and other loans – non-securitized		92			65			100			77
Residual interests and effectively owned notes		0			0			197			197
Restricted cash		31			31			22			22
Marketable securities		18			18			18			18

Total long-term financial assets	$	1,324		$	1,440		$	730		$	725

Non-recourse debt associated with securitized notes receivable	$	(869	)	$	(709	)	$	0		$	0
Senior Notes		(1,629	)		(1,737	)		(1,627	)		(1,707	)
$2,404 Effective Credit Facility		(96	)		(96	)		(425	)		(425	)
Other long-term debt		(149	)		(141	)		(154	)		(154	)
Other long-term liabilities		(76	)		(70	)		(86	)		(75	)
Long-term derivative liabilities		(2	)		(2	)		(1	)		(1	)

Total long-term financial liabilities	$	(2,821	)	$	(2,755	)	$	(2,293	)	$	(2,362	)

We estimate the fair value of both our securitized long-term loans to timeshare owners and a portion of our non-securitized long-term loans to timeshare owners using a discounted cash flow model. We believe this is comparable to the model that an independent third party would use in the current market. Our model uses default rates, prepayment rates, coupon rates and loan terms for our sold note portfolio as key drivers of risk and relative value, that when applied in combination with pricing parameters, determines the fair value of the underlying notes receivable. We value certain non-securitized loans to timeshare owners at their carrying value, rather than using our pricing model. We believe that the carrying value of such loans approximates fair value because the stated interest rates of these loans are consistent with current market rates and the reserve for these loans appropriately accounts for risks in default rates, prepayment rates, and loan terms.

We estimate the fair value of our senior, mezzanine, and other loans by discounting cash flows using risk-adjusted rates.

We estimate the fair value of our cost method investments by applying a cap rate to stabilized earnings (a market approach). The carrying value of our restricted cash approximates its fair value.

We estimate the fair value of our non-recourse debt associated with securitized loans to timeshare owners by obtaining indicative bids from investment banks that actively issue and facilitate the secondary market for timeshare securities. As an additional measure, we internally generate cash flow estimates by modeling all bond tranches for our active securitization transactions, with consideration for the collateral specific to each tranche. The key drivers in this analysis include default rates, prepayment rates, bond interest rates and other structural factors, which we use to estimate the projected cash flows. In order to estimate market credit spreads by rating, we reviewed market spreads from timeshare note securitizations and other asset-backed transactions that occurred during the fourth quarter of 2009 and the first half of 2010. We then applied those estimated market spreads to swap rates in order to estimate an underlying discount rate for calculating the fair value of the active bonds. We have concluded that the fair value of the bonds reflects a marginal premium over the book value resulting from relatively low current swap rates and credit spreads.

We estimate the fair value of our other long-term debt, excluding leases, using expected future payments discounted at risk-adjusted rates, and we determine the fair value of our senior notes using quoted market prices. We believe the carrying value of our credit facility approximates its fair value due to the short maturity dates of the draws we have executed to date. Other long-term liabilities represent guarantee costs and reserves and deposit liabilities. The carrying values of our guarantee costs and reserves approximate their fair values. We estimate the fair value of our deposit liabilities primarily by discounting future payments at a risk-adjusted rate.

We are required to carry our marketable securities at fair value. The carrying value of our marketable securities at the end of our 2010 second quarter was $18 million, which included debt securities of the U.S. Government, its sponsored agencies and other U.S. corporations invested for our self-insurance programs. These securities are valued using directly observable Level 1 inputs as described in Footnote No. 1, “Basis of Presentation.”

We are also required to carry our derivative assets and liabilities at fair value. As of the end of our 2010 second quarter, we had derivative instruments in a current asset position of $1 million and $1 million in a current liability position valued using Level 1 inputs, $1 million in a current liability position valued using Level 2 inputs, and $2 million in a long-term liability position valued using Level 3 inputs. We value our Level 3 input derivatives using valuations that we calibrate to the initial trade prices, with subsequent valuations based on unobservable inputs to the valuation model, including interest rates and volatilities.

As discussed in more detail in Footnote No. 1, “Basis for Presentation,” and Footnote No. 15, “Variable Interest Entities,” we periodically sell notes receivable originated by our Timeshare segment. We continue to service the notes after the sale, and we retain servicing assets and other interests in the notes. Historically, we accounted for these residual interests, including the servicing assets, as trading securities under the then-applicable standards for accounting for certain investments in debt and equity securities. At the dates of sale and at the end of each reporting period, we estimated the fair value of our residual interests using a discounted cash flow model using Level 3 inputs. With the adoption of the new accounting topics in the first quarter of 2010, we reestablished notes receivable (net of reserves) associated with past securitization transactions, recorded the debt obligations associated with third-party interests held in these special purpose entities and correspondingly eliminated our residual interests (including servicing assets) associated with these transactions. The preceding table includes the carrying amounts and estimated fair values for the long-term portion of the securitized notes receivable and the associated debt obligations.

- Definition

This item represents the complete disclosure regarding 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 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 Company 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 risk is 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.

+ References+ Details

Earnings Per Share

6 Months Ended

Jun. 18, 2010

Earnings Per Share

6.	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 attributable to Marriott shareholders.


	Twelve Weeks Ended				Twenty-Four Weeks Ended
*($ in millions, except per share amounts)*	June 18, 2010		June 19, 2009		June 18, 2010		June 19, 2009
Computation of Basic Earnings Per Share Attributable to Marriott Shareholders
Income attributable to Marriott shareholders		119		37		202		14
Weighted average shares outstanding		362.1		356.2		360.7		355.3

Basic earnings per share attributable to Marriott shareholders	$	0.33	$	0.10	$	0.56	$	0.04

Computation of Diluted Earnings Per Share Attributable to Marriott Shareholders
Income attributable to Marriott shareholders	$	119	$	37	$	202	$	14

Weighted average shares outstanding		362.1		356.2		360.7		355.3
Effect of dilutive securities
Employee stock option and SARs plans		11.5		7.4		10.7		6.3
Deferred stock incentive plans		1.1		1.4		1.2		1.5
Restricted stock units		2.7		1.0		2.9		1.1

Shares for diluted earnings per share attributable to Marriott shareholders		377.4		366.0		375.5		364.2

Diluted earnings per share attributable to Marriott shareholders	$	0.31	$	0.10	$	0.54	$	0.04

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 attributable to Marriott shareholders. In accordance with the applicable accounting guidance for calculating earnings per share, we did not include the following stock options and SARs in our calculation of diluted earnings per share attributable to Marriott shareholders because the exercise prices were greater than the average market prices for the applicable periods:

(a)

for the twelve-week period ended June 18, 2010, 2.5 million options and SARs, with exercise prices ranging from $34.11 to $49.03;

(b)

for the twelve-week period ended June 19, 2009, 12.6 million options and SARs, with exercise prices ranging from $21.95 to $49.03;

(c)

for the twenty-four week period ended June 18, 2010, 3.7 million options and SARs, with exercise prices ranging from $31.05 to $49.03; and

(d)

for the twenty-four week period ended June 19, 2009, 12.9 million options and SARs, with exercise prices ranging from $18.94 to $49.03.

In addition, for both the twelve and twenty-four weeks periods ended June 19, 2009, we did not include 1.3 million RSUs in our calculation of diluted earnings per share attributable to Marriott shareholders because to do so would have been antidilutive.

Inventory

6 Months Ended

Jun. 18, 2010

Inventory

7.	Inventory

Inventory, totaling $1,467 million and $1,444 million as of June 18, 2010, and January 1, 2010, respectively, consists primarily of Timeshare segment interval, fractional ownership, and residential products totaling $1,450 million and $1,426 million as of June 18, 2010, and January 1, 2010, respectively. Inventory totaling $17 million and $18 million as of June 18, 2010, and January 1, 2010, respectively, primarily relates to hotel operating supplies for the limited number of properties we own or lease. We primarily value Timeshare segment interval, fractional ownership, and residential products at the lower of cost or fair market value, in accordance with applicable accounting guidance, and we generally value operating supplies at the lower of cost (using the first-in, first-out method) or market. Consistent with recognized industry practice, we classify Timeshare segment interval, fractional ownership, and residential products inventory, which has an operating cycle that exceeds 12 months, as a current asset.

The following table shows the composition of our Timeshare segment inventory balances.


*($ in millions)*	June 18, 2010		January 1, 2010
Finished goods	$	757	$	721
Work-in-process		148		198
Land and infrastructure		545		507

	$	1,450	$	1,426

Property and Equipment

6 Months Ended

Jun. 18, 2010

Property and Equipment

8.	Property and Equipment

The following table shows the composition of our property and equipment balances.


*($ in millions)*	June 18, 2010			January 1, 2010
Land	$	455		$	454
Buildings and leasehold improvements		925			935
Furniture and equipment		984			996
Construction in progress		199			163

		2,563			2,548
Accumulated depreciation		(1,228	)		(1,186	)

	$	1,335		$	1,362

Notes Receivable

6 Months Ended

Jun. 18, 2010

Notes Receivable

9.	Notes Receivable

As discussed in Footnote No. 1, “Basis of Presentation,” on the first day of fiscal year 2010, we consolidated certain entities associated with past timeshare notes receivable securitization transactions. Prior to the 2010 first quarter, we were not required to consolidate the special purpose entities utilized to securitize the notes.

The following table shows the composition of our notes receivable balances (net of reserves).


*($ in millions)*	June 18, 2010			January 1, 2010
Loans to timeshare owners – securitized	$	960		$	0
Loans to timeshare owners – non-securitized		346			424
Senior, mezzanine, and other loans – non-securitized		188			196

		1,494			620
Less current portion
Loans to timeshare owners – securitized		(111	)		0
Loans to timeshare owners – non-securitized		(58	)		(72	)
Senior, mezzanine, and other loans – non-securitized		(95	)		(96	)

	$	1,230		$	452

We classify notes receivable due within one year as current assets in the caption “Accounts and notes receivable” in our Condensed Consolidated Balance Sheets. Total long-term notes receivable as of June 18, 2010, and January 1, 2010, of $1,230 million and $452 million, respectively, consisted of loans to timeshare owners of $1,137 million and $352 million, respectively, loans to equity method investees of $2 million and $10 million, respectively, and other notes receivable of $91 million and $90 million, respectively.

The following tables show future principal payments, net of reserves and unamortized discounts, as well as interest rates, reserves and unamortized discounts for our securitized and non-securitized notes receivable.

Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates


*($ in millions)*	Non-Securitized Notes Receivable			Securitized Notes Receivable			Total
2010	$	132		$	64		$	196
2011		45			113			158
2012		57			116			173
2013		41			120			161
2014		34			120			154
Thereafter		225			427			652

Balance at June 18, 2010	$	534		$	960		$	1,494

Weighted average interest rate at June 18, 2010		10.1	%		13.0	%		12.0	%

Range of stated interest rates at June 18, 2010		0 to 19.5	%		5.2 to 19.5	%		0 to 19.5	%

Notes Receivable Reserves


*($ in millions)*	Non-Securitized Notes Receivable		Securitized Notes Receivable		Total
Balance at year-end 2009	$	210	$	0	$	210

Balance at June 18, 2010	$	235	$	103	$	338

Notes Receivable Unamortized Discounts


*($ in millions)*	Non-Securitized Notes Receivable		Securitized Notes Receivable		Total
Balance at year-end 2009	$	16	$	0	$	16

Balance at June 18, 2010	$	13	$	0	$	13

Senior, Mezzanine, and Other Loans

We reflect interest income associated with “Senior, mezzanine, and other loans” in the “Interest income” caption in our Condensed Consolidated Statements of Income. We generally do not accrue interest on “Senior, mezzanine, and other loans” that are impaired. At the end of the 2010 second quarter, our recorded investment in impaired “Senior, mezzanine, and other loans” was $94 million. We had an $86 million notes receivable reserve representing an allowance for credit losses, leaving $8 million of our investment in impaired loans, for which we had no related allowance for credit losses. At year-end 2009, our recorded investment in impaired “Senior, mezzanine, and other loans” was $191 million, and we had a $183 million notes receivable reserve representing an allowance for credit losses, leaving $8 million of our investment in impaired loans, for which we had no related allowance for credit losses.

The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for the first half of 2010:


*($ in millions)*	Notes Receivable Reserve
Balance at year-end 2009	$	183
Additions		0
Write-offs		(105	)
Transfers and other		8

Balance at June 18, 2010	$	86

Loans to Timeshare Owners

We reflect interest income associated with “Loans to timeshare owners” of $43 million and $10 million for the 2010 and 2009 second quarters, respectively, and $88 million and $23 million for the twenty-four weeks ended June 18, 2010 and June 19, 2009, respectively, in our Condensed Consolidated Statements of Income in the “Timeshare sales and services” revenue caption. Of the $43 million of interest income we recognized in the 2010 second quarter, $33 million was associated with securitized loans and $10 million was associated with non-securitized loans, compared with the $10 million recognized in the 2009 second quarter which related solely to non-securitized loans. Of the $88 million of interest income we recognized in the 2010 first half, $69 million was associated with securitized loans and $19 million was associated with non-securitized loans, compared with the $23 million recognized in the 2009 first half which related solely to non-securitized loans.

The following table summarizes the activity related to our “Loans to timeshare owners” notes receivable reserve for the first half of 2010:


*($ in millions)*	Non-Securitized Notes Receivable Reserve			Securitized Notes Receivable Reserve			Total
Balance at year-end 2009	$	27		$	0		$	27
Additions for current year sales		16			0			16
Write-offs		(34	)		0			(34	)
One-time impact of ASU Nos. 2009-16 and 2009-17 ⁽¹⁾		84			135			219
Repurchase activity ⁽²⁾		29			(29	)		0
Other ⁽³⁾		27			(3	)		24

Balance at June 18, 2010	$	149		$	103		$	252

⁽¹⁾

The non-securitized notes receivable reserve relates to the implementation of ASU Nos. 2009-16 and 2009-17, which required us to establish reserves for certain previously securitized and subsequently repurchased notes held at January 2, 2010.

⁽²⁾

Decrease in securitized reserve and increase in non-securitized reserve was attributable to the transfer of the reserve when we repurchased the notes.

⁽³⁾

Consists of static pool and default rate assumption changes.

We record an estimate of expected uncollectibility on notes receivable from timeshare purchasers as a reduction of revenue at the time we recognize profit on a timeshare sale. We have fully reserved all defaulted notes in addition to recording a reserve on the estimated uncollectible portion of the remaining notes. For those notes not in default, we assess collectibility based on pools of receivables, because we hold large numbers of homogenous timeshare notes receivable. We estimate uncollectibles based on historical activity for similar timeshare notes receivable. As of June 18, 2010, we estimated average remaining default rates of 10.2 percent for both outstanding non-securitized and securitized timeshare notes receivable, respectively.

We do not record accrued interest on “Loans to timeshare owners” that are over 90 days past due, and the following table shows our recorded investment in such loans.


*($ in millions)*	Non-Securitized Notes Receivable		Securitized Notes Receivable		Total
Investment in loans on nonaccrual status at June 18, 2010	$	116	$	22	$	138

Investment in loans on nonaccrual status at January 1, 2010	$	113	$	0	$	113

Long-term Debt

6 Months Ended

Jun. 18, 2010

Long-term Debt

10.

Long-term Debt

As discussed in Footnote No. 1, “Basis of Presentation,” on the first day of fiscal year 2010, we consolidated certain previously unconsolidated entities associated with past timeshare notes receivable securitization transactions, resulting in consolidation of the related debt obligations. We securitized the notes receivable through bankruptcy-remote entities, and the entities’ creditors have no recourse to us.

The following table provides detail on our long-term debt balances:


*($ in millions)*	June 18, 2010			January 1, 2010
Non-recourse debt associated with securitized notes receivable, interest rates ranging from 0.27% to 7.20% (weighted average interest rate of 5.21%)	$	987		$	0
Less current portion		(118	)		0

		869			0

Senior Notes:
Series F, interest rate of 4.625%, face amount of $348, maturing June 15, 2012 (effective interest rate of 5.02%) ⁽¹⁾		347			347
Series G, interest rate of 5.810%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.53%) ⁽¹⁾		303			302
Series H, interest rate of 6.200%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.30%) ⁽¹⁾		289			289
Series I, interest rate of 6.375%, face amount of $293, maturing June 15, 2017 (effective interest rate of 6.45%) ⁽¹⁾		291			291
Series J, interest rate of 5.625%, face amount of $400, maturing February 15, 2013 (effective interest rate of 5.71%) ⁽¹⁾		398			398
$2,404 Effective Credit Facility, average interest rate of 0.869%		96			425
Other		200			246

		1,924			2,298
Less current portion		(24	)		(64	)

		1,900			2,234

	$	2,769		$	2,234

⁽¹⁾

Face amount and effective interest rate are as of June 18, 2010.

The non-recourse debt associated with securitized notes receivable was, and to the extent currently outstanding is, secured by the related notes receivable. All of our other long-term debt was, and to the extent currently outstanding is, recourse to us but unsecured.

We are party to a multicurrency revolving credit agreement (the “Credit Facility”) that provides for $2.404 billion of aggregate effective borrowings to support general corporate needs, including working capital, capital expenditures, and letters of credit. The Credit Facility expires on May 14, 2012. Borrowings under the Credit Facility bear interest at the London Interbank Offered Rate (LIBOR) plus a fixed spread. We also pay quarterly fees on the Credit Facility at a rate based on our public debt rating. While borrowings under our Credit Facility generally have short-term maturities, we classify outstanding borrowings as long-term based on our ability and intent to refinance the outstanding borrowings on a long-term basis.

Each of our 13 securitized notes receivable pools contains various triggers relating to the performance of the underlying notes receivable. If a pool of securitized notes receivable fails to perform within the pool’s established parameters (default or delinquency thresholds by deal) there are provisions under which the monthly excess spread we typically receive from that pool (related to the interests we retained) is effectively redirected to accelerate the principal payments to investors based on the subordination of the different tranches until the performance trigger is cured. During the first quarter of 2010, one pool that reached a performance trigger at year-end 2009 returned to compliance while three others reached performance triggers. At the end of the first quarter of 2010, only one of these three pools was still out of compliance with applicable triggers. This pool continued to be under trigger through the end of the second quarter of 2010. No other pools reached performance triggers during the second quarter. As a result, a total of $2 million in cash of excess spread was used to pay down debt during the first half of 2010.

The following tables show future principal payments, net of unamortized discounts, and unamortized discounts for our securitized and non-securitized debt.

Debt Principal Payments (net of unamortized discounts)


*($ in millions)*	Non-Recourse Debt		Other Debt		Total
2010	$	78	$	17	$	95
2011		124		12		136
2012		127		455		582
2013		131		411		542
2014		131		12		143
Thereafter		396		1,017		1,413

Balance at June 18, 2010	$	987	$	1,924	$	2,911

As the contractual terms of the underlying securitized notes receivable determine the maturities of the non-recourse debt associated with them, actual maturities may occur earlier due to prepayments by the notes receivable obligors.

Unamortized Debt Discounts


*($ in millions)*	Non-Recourse Debt		Other Debt		Total
Balance at January 1, 2010	$	0	$	20	$	20

Balance at June 18, 2010	$	0	$	18	$	18

We paid cash for interest, net of amounts capitalized, of $74 million in the first half of 2010 and $48 million in the first half of 2009.

Comprehensive Income and Capital Structure

6 Months Ended

Jun. 18, 2010

Comprehensive Income and Capital Structure

11.

Comprehensive Income and Capital Structure

The following tables detail comprehensive income attributable to Marriott, comprehensive income attributable to noncontrolling interests, and consolidated comprehensive income.


	Attributable to Marriott						Attributable to Noncontrolling Interests					Consolidated
*($ in millions)*	Twelve Weeks Ended						Twelve Weeks Ended					Twelve Weeks Ended
	June 18, 2010			June 19, 2009			June 18, 2010		June 19, 2009			June 18, 2010			June 19, 2009
Net income (loss)	$	119		$	37		$	0	$	(2	)	$	119		$	35
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		(6	)		23			0		0			(6	)		23
Other derivative instrument adjustments		1			(5	)		0		0			1			(5	)
Unrealized gains on available-for-sale securities		0			5			0		0			0			5

Total other comprehensive (loss) income, net of tax		(5	)		23			0		0			(5	)		23

Comprehensive income (loss)	$	114		$	60		$	0	$	(2	)	$	114		$	58


	Attributable to Marriott						Attributable to Noncontrolling Interests					Consolidated
*($ in millions)*	Twenty-Four Weeks Ended						Twenty-Four Weeks Ended					Twenty-Four Weeks Ended
	June 18, 2010			June 19, 2009			June 18, 2010		June 19, 2009			June 18, 2010			June 19, 2009
Net income (loss)	$	202		$	14		$	0	$	(4	)	$	202		$	10
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		(19	)		12			0		0			(19	)		12
Other derivative instrument adjustments		1			(4	)		0		0			1			(4	)
Unrealized gains on available-for-sale securities		0			3			0		0			0			3

Total other comprehensive (loss) income, net of tax		(18	)		11			0		0			(18	)		11

Comprehensive income (loss)	$	184		$	25		$	0	$	(4	)	$	184		$	21

The following table details changes in shareholders’ equity attributable to Marriott shareholders. Equity attributable to the noncontrolling interests was zero as of both June 18, 2010 and January 1, 2010. The table also includes the cumulative effect of a change in accounting principle of $146 million recorded directly to retained earnings on the first day of the 2010 fiscal year as a result of our adopting ASU Nos. 2009-16 and 2009-17. See Footnote No. 1, “Basis of Presentation,” for additional information on our adoption of those updates.


*($ in millions, except per share amounts)*					Equity Attributable to Marriott Shareholders
Common Shares Outstanding		Total			Class A Common Stock		Additional Paid-in-Capital			Retained Earnings			Treasury Stock, at Cost			Accumulated Other Comprehensive Income (Loss)
358.2	Balance at year-end 2009	$	1,142		$	5	$	3,585		$	3,103		$	(5,564	)	$	13
0	Impact of adoption of ASU 2009-16 and ASU 2009-17		(146	)		0		0			(146	)		0			0

358.2	Opening balance fiscal year 2010	$	996		$	5	$	3,585		$	2,957		$	(5,564	)	$	13
0	Net income		202			0		0			202			0			0
0	Other comprehensive loss		(18	)		0		0			0			0			(18	)
0	Cash dividends ($0.0800 per share)		(29	)		0		0			(29	)		0			0
4.5	Employee stock plan issuance		73			0		(33	)		0			106			0

362.7	Balance at June 18, 2010	$	1,224		$	5	$	3,552		$	3,130		$	(5,458	)	$	(5	)

Contingencies

6 Months Ended

Jun. 18, 2010

Contingencies

12.

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 three to 10 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 and Timeshare segment properties that we or our joint venture partners are building.

The following table shows 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.


*($ in millions)*
Guarantee Type	Maximum Potential Amount of Future Fundings at June 18, 2010		Liability for Expected Future Fundings at June 18, 2010
Debt service	$	37	$	3
Operating profit		118		20
Other		56		2

Total guarantees where we are the primary obligor	$	211	$	25

We included our liability for expected future fundings at June 18, 2010, in our Condensed Consolidated Balance Sheets in the following line items: $3 million in the “Other current liabilities” and $22 million in the “Other long-term liabilities.”

Our guarantees of $211 million listed in the preceding table include $31 million of operating profit guarantees that will not be in effect until the underlying properties open and we begin to operate the properties, $3 million of debt service guarantees that will not be in effect until the underlying debt has been funded, and $7 million of other guarantees.

The guarantees of $211 million in the preceding table do not include $153 million of guarantees related to Senior Living Services lease obligations of $102 million (expiring in 2013) and lifecare bonds of $51 million (estimated to expire in 2016), for which we are secondarily liable. The primary obligors on these liabilities are Sunrise Senior Living, Inc. (“Sunrise”) on both the leases and $7 million of the lifecare bonds; CNL Retirement Properties, Inc. (“CNL”), which subsequently merged with Health Care Property Investors, Inc., on $42 million of the lifecare bonds; and Five Star Senior Living on the remaining $2 million of lifecare bonds. Prior to our sale of the Senior Living Services business in 2003, these preexisting guarantees were guarantees by us of obligations of consolidated Senior Living Services subsidiaries. Sunrise and CNL have indemnified us for any guarantee fundings we may be called upon to make in connection with these lease obligations and lifecare bonds. While we currently do not expect to fund under the guarantees, Sunrise’s SEC filings suggest that Sunrise’s continued ability to meet these guarantee obligations cannot be assured given Sunrise’s financial position and reduced access to liquidity.

The table also does not include lease obligations, for which we became secondarily liable when we acquired the Renaissance Hotel Group N.V. in 1997, consisting of annual rent payments of approximately $6 million and total remaining rent payments through the initial term of approximately $51 million. Most of these obligations expire at the end of 2020. CTF Holdings Ltd. (“CTF”) had originally made available €35 million in cash collateral in the event that we are required to fund under such guarantees (approximately €6 million ($7 million) of which remained at June 18, 2010). Our exposure for the remaining rent payments through the initial term will decline to the extent that CTF obtains releases from the landlords or these hotels exit the system. Since the time we assumed these guarantees, we have not funded any amounts and we do not expect to fund any amounts under these guarantees in the future.

In addition to the guarantees noted in the preceding table, we provided a project completion guarantee to a lender for a project with an estimated aggregate total cost of $592 million. We are liable on a several basis with our partners in an amount equal to our 34 percent pro rata ownership in the joint venture. The carrying value of our liability associated with this guarantee was $28 million at June 18, 2010, as further discussed in Footnote No. 15, “Variable Interest Entities.” The preceding table also does not include a project completion guarantee that we provided to another lender for a project with an estimated aggregate total cost of CAD $483 million (USD $461 million). The associated joint venture will satisfy payments for cost overruns for this project through contributions from the partners or from borrowings, and we are liable on a several basis with our partners in an amount equal to our pro rata ownership in the joint venture, which is 20 percent. We do not expect to fund under the guarantee. The carrying value of our liability associated with this project completion guarantee was $3 million at June 18, 2010.

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 June 18, 2010, we had the following commitments outstanding:

•

$4 million of loan commitments that we have extended to owners of lodging properties. We expect to fund approximately $1 million of these commitments within three years, and do not expect to fund the remaining $3 million of commitments, $1 million of which will expire within three years, $1 million of which will expire within five years, and $1 million of which will expire after five years.

•

Commitments to invest up to $44 million of equity for noncontrolling interests in partnerships that plan to purchase North American full-service and limited-service properties or purchase or develop hotel-anchored mixed-use real estate projects. We expect to fund $24 million of these commitments in one to two years, $10 million within three years and $10 million after three years. If not funded, $24 million of these investment commitments will expire in one to two years and $20 million will expire in more than three years.

•

A commitment, with no expiration date, to invest up to $11 million in a joint venture for development of a new property that we expect to fund within three years.

•

A commitment, subject to certain conditions, to invest up to $43 million (€35 million) into a new fund to purchase or develop managed Marriott brand hotels in Western Europe that will be managed exclusively by us. In accordance with the agreement, this commitment expired on June 30, 2010.

•

A commitment to invest up to $25 million (€20 million) in a joint venture in which we are a partner. We do not expect to fund under this commitment.

•

Other investment commitments, generally with no expiration date, totaling $9 million of which we only expect to fund $1 million. That funding is expected to occur within one year.

•

Two commitments for an aggregate of $130 million to purchase timeshare and fractional units upon completion of construction for use in our Asia Pacific Points Club and The Ritz-Carlton Destination Club programs. We have already made deposits of $22 million in conjunction with these commitments. With regard to the payment of the remaining $108 million, the payment of $100 million is conditioned on satisfaction of certain conditions, and we have certain claims and contingencies that may have the effect of delaying and/or reducing the amount of such payment, which could otherwise become due in the third or fourth quarter of this year.

•

$4 million (€3 million) of other purchase commitments that will be funded over the next 5 years, as follows: $1 million in each of 2011, 2012, 2013 and 2014.

At June 18, 2010, we had $98 million of letters of credit outstanding, the majority of which related to our self-insurance programs. Surety bonds issued as of June 18, 2010, totaled $284 million, the majority of which were requested by federal, state or local governments related to our lodging operations, including our Timeshare segment and self-insurance programs.

Business Segments

6 Months Ended

Jun. 18, 2010

Business Segments

13.

Business Segments

We are a diversified hospitality company with operations in five business segments:

•

North American Full-Service Lodging, which includes the Marriott Hotels & Resorts, Marriott Conference Centers, JW Marriott, Renaissance Hotels, Renaissance ClubSport, and Autograph Collection properties located in the continental United States and Canada;

•

North American Limited-Service Lodging, which includes the Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, and Marriott ExecuStay properties located in the continental United States and Canada;

•

International Lodging, which includes the Marriott Hotels & Resorts, JW Marriott, Renaissance Hotels, Courtyard, Fairfield Inn & Suites, Residence Inn, and Marriott Executive Apartments properties located outside the continental United States and Canada;

•

Luxury Lodging, which includes The Ritz-Carlton and Bulgari Hotels & Resorts properties worldwide (together with residential properties associated with some Ritz-Carlton hotels), as well as EDITION, for which no properties are yet open; and

•

Timeshare, which includes the development, marketing, operation, and sale of Marriott Vacation Club, The Ritz-Carlton Destination Club, The Ritz-Carlton Residences, and Grand Residences by Marriott timeshare, fractional ownership, and residential properties worldwide.

We evaluate the performance of our segments based primarily on the results of the segment without allocating corporate expenses, income taxes, or indirect general, administrative, and other expenses. With the exception of our Timeshare segment, we do not allocate interest income or interest expense to our segments. Prior to the 2010 first quarter, we included note sale gains/(losses) in our Timeshare segment results. Due to our adoption of ASU Nos. 2009-16 and 2009-17, as discussed in Footnote No. 1, “Basis of Presentation,” we no longer account for note receivable securitizations as sales but rather as secured borrowings as defined in these topics, and therefore, we do not expect to recognize gains or losses on future note receivable securitizations. We include interest income and interest expense associated with our Timeshare segment notes in our Timeshare segment results because financing sales and securitization transactions are an integral part of that segment’s business. In addition, we allocate other 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 are not allocable to our segments.

We aggregate the brands presented within our North American Full-Service, North American Limited-Service, International, Luxury, and Timeshare segments considering their similar economic characteristics, types of customers, distribution channels, the regulatory business environment of the brands and operations within each segment and our organizational and management reporting structure.

Revenues


	Twelve Weeks Ended				Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010		June 19, 2009		June 18, 2010		June 19, 2009
North American Full-Service Segment	$	1,231	$	1,142	$	2,394	$	2,308
North American Limited-Service Segment		507		471		968		912
International Segment		287		250		554		497
Luxury Segment		364		324		730		675
Timeshare Segment		363		355		721		632

Total segment revenues		2,752		2,542		5,367		5,024
Other unallocated corporate		19		20		34		33

	$	2,771	$	2,562	$	5,401	$	5,057

Net Income Attributable to Marriott


	Twelve Weeks Ended						Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010			June 19, 2009			June 18, 2010			June 19, 2009
North American Full-Service Segment	$	85		$	71		$	156		$	140
North American Limited-Service Segment		82			72			141			105
International Segment		42			27			75			64
Luxury Segment		21			15			42			(7	)
Timeshare Segment		30			(35	)		55			(52	)

Total segment financial results		260			150			469			250
Other unallocated corporate		(49	)		(48	)		(102	)		(114	)
Interest expense and interest income ⁽¹⁾		(27	)		(19	)		(54	)		(42	)
Income taxes ⁽²⁾		(65	)		(46	)		(111	)		(80	)

	$	119		$	37		$	202		$	14

⁽¹⁾

Of the $44 million and $89 million of interest expense shown on the Condensed Consolidated Statements of Income for the twelve and twenty-four weeks ended June 18, 2010, respectively, we allocated $14 million and $28 million, respectively, to our Timeshare Segment.

⁽²⁾

The $46 million and $80 million of income taxes for the twelve and twenty-four weeks ended June 19, 2009, included respectively, our provision for income taxes of $44 million and $77 million and taxes attributable to noncontrolling interests of $2 million and $3 million for the applicable periods.

Net Losses Attributable to Noncontrolling Interests


	Twelve Weeks Ended					Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010		June 19, 2009			June 18, 2010		June 19, 2009
Timeshare Segment net losses attributable to noncontrolling interests	$	0	$	4		$	0	$	7
Provision for income taxes		0		(2	)		0		(3	)

	$	0	$	2		$	0	$	4

Equity in Losses of Equity Method Investees


	Twelve Weeks Ended						Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010			June 19, 2009			June 18, 2010			June 19, 2009
North American Full-Service Segment	$	1		$	0		$	1		$	0
North American Limited-Service Segment		(1	)		(1	)		(6	)		(4	)
International Segment		(2	)		(1	)		(2	)		(1	)
Luxury Segment		1			(1	)		0			(31	)
Timeshare Segment		(3	)		(1	)		(8	)		(2	)

	$	(4	)	$	(4	)	$	(15	)	$	(38	)

Assets


	At Period End
*($ in millions)*	June 18, 2010		January 1, 2010
North American Full-Service Segment	$	1,188	$	1,175
North American Limited-Service Segment		476		468
International Segment		839		849
Luxury Segment		661		653
Timeshare Segment		3,375		2,653

Total segment assets		6,539		5,798
Other unallocated corporate		2,108		2,135

	$	8,647	$	7,933

We estimate that, for the 20-year period from 2010 through 2029, the cash flow associated with completing all phases of our existing portfolio of owned timeshare properties will be approximately $2.7 billion. This estimate is based on our current development plans, which remain subject to change.

Restructuring Costs and Other Charges

6 Months Ended

Jun. 18, 2010

Restructuring Costs and Other Charges

14.

Restructuring Costs and Other Charges

During the latter part of 2008, we experienced a significant decline in demand for domestic and international hotel rooms based in part on the failures and near failures of a number of large financial service companies in the fourth quarter of 2008 and the dramatic downturn in the economy. Our capital-intensive Timeshare business was also hurt globally by the downturn in market conditions and particularly the significant deterioration in the credit markets, which resulted in our decision not to complete a note sale in the fourth quarter of 2008 (although we did complete note sales in the first and fourth quarters of 2009). These declines resulted in reduced management and franchise fees, cancellation of development projects, reduced timeshare contract sales, and anticipated losses under guarantees and loans. In the fourth quarter of 2008, we put certain company-wide cost-saving measures in place in response to these declines, with individual company segments and corporate departments implementing further cost saving measures. Upper-level management responsible for the Timeshare segment, hotel operations, development, and above-property level management of the various corporate departments and brand teams individually led these decentralized management initiatives.

The various initiatives resulted in aggregate restructuring costs of $55 million that we recorded in the fourth quarter of 2008. We also recorded $137 million of other charges in the 2008 fourth quarter. For information regarding the fourth quarter 2008 charges, see Footnote No. 20, “Restructuring Costs and Other Charges,” in our 2008 Form 10-K. As part of the restructuring actions we began in the fourth quarter of 2008, we initiated further cost savings measures in 2009 associated with our Timeshare segment, hotel development, and above-property level management that resulted in additional restructuring costs of $51 million in 2009, which included $2 million and $33 million of restructuring costs in the 2009 first quarter and 2009 second quarter, respectively. We completed this restructuring in 2009 and do not expect to incur additional expenses in connection with these initiatives. We also recorded $162 million of other charges in 2009, which included $24 million and $127 million of other charges in the 2009 second quarter and 2009 first quarter, respectively. For information regarding the 2009 charges, see Footnote No. 21, “Restructuring Costs and Other Charges,” in our 2009 Form 10-K.

Summary of Restructuring Costs and Liability

The following table provides additional information regarding our restructuring, including the balance of the liability at the end of the second quarter of 2010 and total costs incurred through the end of the restructuring in 2009.


*($ in millions)*	Restructuring Costs Liability at January 1, 2010		Cash Payments in the First Half of 2010		Restructuring Costs Liability at June 18, 2010		Total Cumulative Restructuring Costs through 2009⁽¹⁾
Severance-Timeshare	$	4	$	2	$	2	$	29
Facilities exit costs-Timeshare		18		2		16		34
Development cancellations-Timeshare		0		0		0		10

Total restructuring costs-Timeshare		22		4		18		73

Severance-hotel development		1		1		0		4
Development cancellations-hotel development		0		0		0		22

Total restructuring costs-hotel development		1		1		0		26

Severance-above property-level management		2		1		1		7

Total restructuring costs-above property-level management		2		1		1		7

Total restructuring costs	$	25	$	6	$	19	$	106

⁽¹⁾	Includes charges recorded in the 2008 fourth quarter through year-end 2009. Subsequent to fiscal year-end 2009, we did not incur and do not expect to incur additional restructuring expenses.

Variable Interest Entities

6 Months Ended

Jun. 18, 2010

Variable Interest Entities

15.

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.

We periodically sell, without recourse, through special purpose entities, notes receivable originated by our Timeshare segment in connection with the sale of timeshare interval and fractional products. These securitizations provide funding for the Company and transfer the economic risks and substantially all the benefits of the loans to third parties. In a securitization, various classes of debt securities that the special purpose entities issue are generally collateralized by a single tranche of transferred assets, which consist of timeshare notes receivable. The Company services the notes receivable. With each securitization, we may retain a portion of the securities, subordinated tranches, interest-only strips, subordinated interests in accrued interest and fees on the securitized receivables or, in some cases, overcollateralization and cash reserve accounts.

Under GAAP as it existed prior to fiscal year 2010, these entities met the definition of QSPEs, and we were not required to evaluate them for consolidation. We evaluated these entities for consolidation in the 2010 first quarter when we implemented the new accounting topics related to transfers of financial assets in the 2010 first quarter. We created these entities to serve as a mechanism for holding assets and related liabilities, and the entities have no equity investment at risk, making them variable interest entities. We continue to service the notes and transfer all proceeds collected to these special purpose entities and retain rights to receive benefits that are potentially significant to the entities. Accordingly, we concluded under the new accounting topics that we are the entities’ primary beneficiary and, therefore, consolidate them. Please see Footnote No. 1, “Basis of Presentation,” for additional information, including the impact of initial consolidation of these entities.

At June 18, 2010, consolidated assets included in our Condensed Consolidated Balance Sheet that are collateral for the variable interest entities’ obligations had a carrying amount of $1,025 million, comprised of $111 million and $849 million, respectively, of current and long-term notes receivable (net of reserves) and $49 million and $16 million, respectively, of current and long-term restricted cash. Further, at June 18, 2010, consolidated liabilities included in our Condensed Consolidated Balance Sheet for these variable interest entities had a carrying amount of $994 million, comprised of $7 million of interest payable, $118 million of current portion of long-term debt, and $869 million of long-term debt. The noncontrolling interest balance was zero. The creditors of these entities do not have general recourse to us.

Under the terms of our timeshare note sales, we have the right at our option to repurchase defaulted mortgage notes at the outstanding principal balance. The transaction documents typically limit such repurchases to 10 to 15 percent of the transaction’s initial mortgage balance. Voluntary repurchases by us of defaulted notes during the first halves of 2010 and 2009 were $29 million and $35 million, respectively.

We have an equity investment in and a loan receivable due from a variable interest entity that develops and markets fractional ownership and residential interests, and we consolidate the entity because we are the primary beneficiary. We concluded that the entity is a variable interest entity because the voting rights are not proportionate to the economic interests. As a result of consolidating the variable interest entity, the equity investment and the loan receivable were eliminated.

At June 18, 2010, the consolidated assets included in our Condensed Consolidated Balance Sheet that are collateral for the variable interest entity’s obligations had a carrying amount of $30 million, consisting of $27 million of real estate held for development, property, equipment, and other assets and $3 million of cash. Further, at June 18, 2010, the consolidated liabilities included in our Condensed Consolidated Balance Sheet for this variable interest entity had a carrying amount of $4 million and a noncontrolling interest of zero. The creditors of this entity do not have general recourse to us. We have contracted to purchase the noncontrolling interest in the entity for less than $1 million, and we expect the acquisition will be completed in the 2010 third quarter. Our involvement with the entity did not have a material effect on financial performance or cash flows during the first half of 2010.

Our Timeshare segment uses several special purpose entities to maintain ownership of real estate in certain jurisdictions in order to facilitate sales within pooled ownership structures (the “Clubs”). We absorb the variability in the assets of the Clubs to the extent that inventory has not been sold to the ultimate Club member. The Clubs are variable interest entities because the equity investment at risk is not sufficient to permit the entities to finance their activities without additional support from other parties.

We contributed all of the Clubs’ assets to them, in exchange for all of the entities’ beneficial interests. We determined that we are the primary beneficiary of two of the Clubs as we have the power to direct the activities that most significantly impact the economic performance of the entities through our rights to market and sell the assets of the entities and our rights to the proceeds from such sale. At the end of the 2010 second quarter, the assets included in our Condensed Consolidated Balance Sheet associated with the consolidated Clubs had a carrying amount of $171 million, comprised entirely of inventory. The liabilities included in our Condensed Consolidated Balance Sheet had a carrying amount of less than $1 million, and there were no noncontrolling interests. Our involvement with these Clubs did not have a material effect on our financial position, financial performance or cash flows during the first half of 2010. The creditors of these entities do not have general recourse to us.

We determined that we were not the primary beneficiary of one previously consolidated Club beginning in the 2010 first quarter. By virtue of transfer of variable interests to third parties, the power to direct the activities that most significantly impact economic performance of the entity is now shared amongst the variable interest holders. Our maximum exposure to loss is $29 million, which consists of the carrying value of our interest in this entity, which we classify as inventory, and the carrying costs during the holding period.

We have a call option on the equity of a variable interest entity that holds property and land acquired for timeshare development that we currently operate as a hotel, which gives us ultimate power to direct the activities that most significantly impact the entity’s economic performance, and therefore, we consolidate this entity. The entity is a variable interest entity because the equity investment at risk is not sufficient to permit it to finance its activities without additional support from other parties. At June 18, 2010, the entity’s assets included in our Condensed Consolidated Balance Sheet had a carrying amount of $19 million, entirely comprised of property and land. The liabilities included in our Condensed Consolidated Balance Sheet for this variable interest entity had a carrying amount of less than $1 million and a noncontrolling interest of zero. Our involvement with the entity did not have a material affect on our financial performance or cash flows during the first half of 2010. The creditors of this entity do not have general recourse to us.

We have an equity investment in and a loan receivable due from a variable interest entity that develops and markets fractional ownership and residential interests. We concluded that the entity is a variable interest entity because the equity investment at risk is not sufficient to permit the entity to finance its activities without additional support from other parties. We have determined that we are not the primary beneficiary as power to direct the activities that most significantly impact economic performance of the entity is shared amongst the variable interest holders, and therefore do not consolidate the entity. In the 2009 third quarter, we fully impaired our equity investment and certain loans receivable due from the entity. We may fund up to an additional $28 million and do not expect to recover this amount, which we have accrued and included in current liabilities. See Footnote No. 20, “Timeshare Strategy-Impairment Charges,” in our 2009 Form 10-K for additional information. Our remaining maximum exposure to loss is $2 million, which is the outstanding balance of our loan receivable.

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 the fiscal year ended December 28, 2007, under the caption “2005 Acquisitions,” we manage certain hotels on behalf of tenant entities 100 percent owned by CTF, which lease the hotels from third-party owners. Due to certain provisions in the management agreements, we account for these contracts as operating leases. At the end of the 2010 second quarter, we managed 11 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 their guarantees fully in connection with eight of these properties and partially in connection with the other three properties. At June 18, 2010, the trust account held approximately $5 million. 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 bear the majority of the expected losses. We are secondarily liable (after exhaustion of funds from the trust account) for rent payments for eight of the 11 hotels if there are cash flow shortfalls. Future minimum lease payments through the end of the lease term for these hotels totaled approximately $53 million at June 18, 2010. In addition, we are secondarily liable for rent payments of up to an aggregate cap of $16 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.

- 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.

+ References+ Details

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 18, 2010
Schedule of Restricted Cash and Cash Equivalents	Restricted Cash We recorded restricted cash, totaling $118 million and $76 million at the end of the 2010 second quarter and year-end 2009, respectively, in our Condensed Consolidated Balance Sheets as $87 million and $54 million, respectively, in the “Other current assets” line and $31 million and $22 million, respectively, in the “Other long-term assets” line. Restricted cash primarily consists of cash held in a reserve account related to Timeshare segment notes receivable securitizations; cash held internationally that we have not repatriated due to accounting, statutory, tax and foreign currency risks; and deposits received, primarily associated with timeshare interval, fractional ownership, and residential sales that are held in escrow until the contract is closed.
Fair Value Measurements	Fair Value Measurements We have various financial instruments we must measure at fair value on a recurring basis, including certain marketable securities and derivatives. See Footnote No. 5, “Fair Value of Financial Instruments,” for further information. We also apply the provisions of fair value measurement to various non-recurring measurements for our financial and non-financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). We measure our assets and liabilities using inputs from the following three levels of the fair value hierarchy: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 includes unobservable inputs that reflect our assumptions about what factors market participants would use in pricing the asset or liability. We develop these inputs based on the best information available, including our own data.
Derivative Instruments	Derivative Instruments The designation of a derivative instrument as a hedge and its ability to meet the hedge accounting criteria determine how the change in fair value of the derivative instrument is reflected in our Condensed Consolidated Financial Statements. A derivative qualifies for hedge accounting if, at inception, we expect the derivative to be highly effective in offsetting the underlying hedged cash flows or fair value and we fulfill the hedge documentation standards at the time we enter into the derivative contract. We designate a hedge as a cash flow hedge, fair value hedge, or a net investment in foreign operations hedge based on the exposure we are hedging. The asset or liability value of the derivative will change in tandem with its fair value. We record changes in fair value, for the effective portion of qualifying hedges, in other comprehensive income (“OCI”). We release the derivative’s gain or loss from OCI to match the timing of the underlying hedged items’ effect on earnings. We review the effectiveness of our hedging instruments on a quarterly basis, recognize current period hedge ineffectiveness immediately in earnings, and discontinue hedge accounting for any hedge that we no longer consider to be highly effective. We recognize changes in fair value for derivatives not designated as hedges or those not qualifying for hedge accounting in current period earnings. Upon termination of cash flow hedges, we release gains and losses from OCI based on the timing of the underlying cash flows or revenue recognized, unless the termination results from the failure of the intended transaction to occur in the expected timeframe. Such untimely transactions require us to immediately recognize in earnings gains and losses previously recorded in OCI. Changes in interest rates, foreign exchange rates, and equity securities expose us to market risk. We manage our exposure to these risks by monitoring available financing alternatives, as well as through development and application of credit granting policies. We also use derivative instruments, including cash flow hedges, net investment in foreign operations hedges, fair value hedges, and other derivative instruments, as part of our overall strategy to manage our exposure to market risks. As a matter of policy, we only enter into transactions that we believe will be highly effective at offsetting the underlying risk, and we do not use derivatives for trading or speculative purposes. See Footnote No. 5, “Fair Value of Financial Instruments,” for additional information.

- Definition

Describes an entity's accounting policies for its derivative instruments and hedging activities. Disclosure may include: (1) Each method used to account for derivative financial instruments and derivative commodity instruments ("derivatives"); (2) the types of derivatives accounted for under each method; (3) the criteria required to be met for each accounting method used, including a discussion of the criteria required to be met for hedge or deferral accounting and accrual or settlement accounting (for example: whether and how risk reduction, correlation, designation, and effectiveness tests are applied); (4) the accounting method used if the criteria specified for hedge accounting are not met; (5) the method used to account for termination of derivatives designated as hedges or derivatives used to affect directly or indirectly the terms, fair values, or cash flows of a designated item; (6) the method used to account for derivatives when the designated item matures, is sold, is extinguished, or is terminated. In addition, the method used to account for derivatives designated to an anticipated transaction, when the anticipated transaction is no longer likely to occur; and (7) where and when derivatives, and their related gains (losses) are reported in the statement of financial position, cash flows, and results of operations and (8) an accounting policy decision to offset fair value amounts with counterparties. An entity should also consider describing its embedded derivatives, and the method(s) used to determine the fair values of derivatives and any significant assumptions used in such valuations.

+ References+ Details

New Accounting Standards (Policies)	6 Months Ended
New Accounting Standards (Policies)	Jun. 18, 2010
ASU No. 2009-16 and ASU No. 2009-17	ASU No. 2009-16 and ASU No. 2009-17 We adopted ASU No. 2009-16 on the first day of our 2010 fiscal year, which amended FAS No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,” by: (1) eliminating the concept of a qualifying special-purpose entity (“QSPE”); (2) clarifying and amending the criteria for a transfer to be accounted for as a sale; (3) amending and clarifying the unit of account eligible for sale accounting; and (4) requiring that a transferor initially measure at fair value and recognize all assets obtained (for example beneficial interests) and liabilities incurred as a result of a transfer of an entire financial asset or group of financial assets accounted for as a sale. In addition, this topic requires us as a reporting entity to evaluate entities that had been treated as QSPEs under previous accounting guidance for consolidation under the applicable current guidance. The topic also mandates that we supplement our disclosures about, among other things, our continuing involvement with transfers of financial assets previously accounted for as sales, the inherent risks in our retained financial assets, and the nature and financial effect of restrictions on the assets that we continue to report in our balance sheet. We also adopted ASU No. 2009-17 on the first day of our 2010 fiscal year, which changed the consolidation guidance applicable to variable interest entities (“VIEs”). This topic also amended the guidance on determination of whether an enterprise is the primary beneficiary of a VIE, and is, therefore, required to consolidate an entity, by requiring a qualitative, rather than the prior quantitative, analysis of the VIE. The new qualitative analysis includes, among other things, consideration of who has the power to direct those activities that most significantly impact the entity’s economic performance and who has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This topic also mandates that the enterprise continually reassess whether it is the primary beneficiary of a VIE, in contrast to the prior standard that required the primary beneficiary only be reassessed when specific events occurred. This topic now also expressly applies to QSPEs, which were previously exempt, and requires additional disclosures about an enterprise’s involvement with a VIE. See Footnote No. 1, “Basis of Presentation,” for the impact on our financial statements of adopting these topics.
Accounting Standards Update No. 2010-06 "Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements" ("ASU No. 2010-06")	Accounting Standards Update No. 2010-06 “Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements” (“ASU No. 2010-06”) We adopted certain provisions of ASU No. 2010-06 in the 2010 first quarter. Those provisions amended Subtopic 820-10, “Fair Value Measurements and Disclosures – Overall,” by requiring additional disclosures for transfers in and out of Level 1 and Level 2 fair value measurements, as well as requiring fair value measurement disclosures for each “class” of assets and liabilities, a subset of the captions in our Condensed Consolidated Balance Sheets. Our adoption did not have a material impact on our financial statements or disclosures, as we had no transfers between Level 1 and Level 2 fair value measurements and no material classes of assets and liabilities that required additional disclosure. See “Future Adoption of Accounting Standards” for the provisions of this topic that apply to future periods.
Accounting Standards Update No. 2010-09 "Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements" ("ASU No. 2010-09")	Accounting Standards Update No. 2010-09 “Subsequent Events (Topic 855): Amendments to Certain Recognition and Disclosure Requirements” (“ASU No. 2010-09”) We adopted ASU No. 2010-09 in the 2010 first quarter. ASU No. 2010-09 amended Subtopic 855-10, “Subsequent Events – Overall,” by removing the requirement for a United States Securities and Exchange Commission (“SEC”) registrant to disclose a date, in both issued and revised financial statements, through which that filer had evaluated subsequent events. Accordingly, we removed the related disclosure from Footnote No. 1, “Basis of Presentation.” Our adoption did not have a material impact on our financial statements.
Future Adoption of Accounting Standards	Future Adoption of Accounting Standards Accounting Standards Update No. 2009-13 “Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements” (“ASU No. 2009-13”) ASU No. 2009-13 addresses the accounting for multiple-deliverable arrangements (complex contracts or related contracts that require the separate delivery of multiple goods and/or services) by expanding the circumstances in which vendors may account for deliverables separately rather than as a combined unit. This update clarifies the guidance on how to separate such deliverables and how to measure and allocate consideration for these arrangements to one or more units of accounting. The existing guidance requires a vendor to use vendor-specific objective evidence or third-party evidence of selling price to separate deliverables in multiple-deliverable arrangements. In addition to retaining this guidance, in situations where vendor-specific objective evidence or third-party evidence is not available, ASU No. 2009-13 will require a vendor to allocate arrangement consideration to each deliverable in multiple-deliverable arrangements based on each deliverable’s relative selling price. This update also expands disclosure requirements for multiple deliverable arrangements, can be applied either prospectively or retrospectively, and is effective for fiscal years beginning on or after June 15, 2010, with early adoption permitted. We are assessing the impact that adoption of ASU No. 2009-13 will have on our financial statements. ASU No. 2010-06 – Provisions Effective in the 2011 First Quarter Certain provisions of ASU No. 2010-06 are effective for fiscal years beginning after December 15, 2010, which for us will be our 2011 first quarter. Those provisions, which amended Subtopic 820-10, will require us to present as separate line items all purchases, sales, issuances, and settlements of financial instruments valued using significant unobservable inputs (Level 3) in the reconciliation for fair value measurements, in contrast to the current aggregate presentation as a single line item. Although this may change the appearance of our fair value reconciliations, we do not believe the adoption will have a material impact on our financial statements or disclosures.

Fair Value of Financial Instruments (Policies)

6 Months Ended

Jun. 18, 2010

Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities

The following table shows 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.


	At June 18, 2010						At Year-End 2009
*($ in millions)*	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Cost method investments	$	46		$	43		$	41		$	43
Loans to timeshare owners – securitized		849			976			0			0
Loans to timeshare owners – non-securitized		288			307			352			368
Senior, mezzanine, and other loans – non-securitized		92			65			100			77
Residual interests and effectively owned notes		0			0			197			197
Restricted cash		31			31			22			22
Marketable securities		18			18			18			18

Total long-term financial assets	$	1,324		$	1,440		$	730		$	725

Non-recourse debt associated with securitized notes receivable	$	(869	)	$	(709	)	$	0		$	0
Senior Notes		(1,629	)		(1,737	)		(1,627	)		(1,707	)
$2,404 Effective Credit Facility		(96	)		(96	)		(425	)		(425	)
Other long-term debt		(149	)		(141	)		(154	)		(154	)
Other long-term liabilities		(76	)		(70	)		(86	)		(75	)
Long-term derivative liabilities		(2	)		(2	)		(1	)		(1	)

Total long-term financial liabilities	$	(2,821	)	$	(2,755	)	$	(2,293	)	$	(2,362	)

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).

Earnings Per Share (Policies)

6 Months Ended

Jun. 18, 2010

Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share Attributable to Marriott Shareholders

The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share attributable to Marriott shareholders.


	Twelve Weeks Ended				Twenty-Four Weeks Ended
*($ in millions, except per share amounts)*	June 18, 2010		June 19, 2009		June 18, 2010		June 19, 2009
Computation of Basic Earnings Per Share Attributable to Marriott Shareholders
Income attributable to Marriott shareholders		119		37		202		14
Weighted average shares outstanding		362.1		356.2		360.7		355.3

Basic earnings per share attributable to Marriott shareholders	$	0.33	$	0.10	$	0.56	$	0.04

Computation of Diluted Earnings Per Share Attributable to Marriott Shareholders
Income attributable to Marriott shareholders	$	119	$	37	$	202	$	14

Weighted average shares outstanding		362.1		356.2		360.7		355.3
Effect of dilutive securities
Employee stock option and SARs plans		11.5		7.4		10.7		6.3
Deferred stock incentive plans		1.1		1.4		1.2		1.5
Restricted stock units		2.7		1.0		2.9		1.1

Shares for diluted earnings per share attributable to Marriott shareholders		377.4		366.0		375.5		364.2

Diluted earnings per share attributable to Marriott shareholders	$	0.31	$	0.10	$	0.54	$	0.04

Earnings Per Share, Dilutive Securities Policy

Inventory (Policies)

6 Months Ended

Jun. 18, 2010

Inventory Valuation Policy

We primarily value Timeshare segment interval, fractional ownership, and residential products at the lower of cost or fair market value, in accordance with applicable accounting guidance, and we generally value operating supplies at the lower of cost (using the first-in, first-out method) or market. Consistent with recognized industry practice, we classify Timeshare segment interval, fractional ownership, and residential products inventory, which has an operating cycle that exceeds 12 months, as a current asset.

Composition of our Timeshare Segment Inventory Balances

The following table shows the composition of our Timeshare segment inventory balances.


*($ in millions)*	June 18, 2010		January 1, 2010
Finished goods	$	757	$	721
Work-in-process		148		198
Land and infrastructure		545		507

	$	1,450	$	1,426

Notes Receivable (Policies)

6 Months Ended

Jun. 18, 2010

Composition of our Notes Receivable Balances (Net of Reserves)

The following table shows the composition of our notes receivable balances (net of reserves).


*($ in millions)*	June 18, 2010			January 1, 2010
Loans to timeshare owners – securitized	$	960		$	0
Loans to timeshare owners – non-securitized		346			424
Senior, mezzanine, and other loans – non-securitized		188			196

		1,494			620
Less current portion
Loans to timeshare owners – securitized		(111	)		0
Loans to timeshare owners – non-securitized		(58	)		(72	)
Senior, mezzanine, and other loans – non-securitized		(95	)		(96	)

	$	1,230		$	452

Notes Receivable, Schedule of Principal Payments Net of Reserves and Discounts and Interest Rates

Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates


*($ in millions)*	Non-Securitized Notes Receivable			Securitized Notes Receivable			Total
2010	$	132		$	64		$	196
2011		45			113			158
2012		57			116			173
2013		41			120			161
2014		34			120			154
Thereafter		225			427			652

Balance at June 18, 2010	$	534		$	960		$	1,494

Weighted average interest rate at June 18, 2010		10.1	%		13.0	%		12.0	%

Range of stated interest rates at June 18, 2010		0 to 19.5	%		5.2 to 19.5	%		0 to 19.5	%

Notes Receivable Reserves


*($ in millions)*	Non-Securitized Notes Receivable		Securitized Notes Receivable		Total
Balance at year-end 2009	$	210	$	0	$	210

Balance at June 18, 2010	$	235	$	103	$	338

Notes Receivable Unamortized Discounts


*($ in millions)*	Non-Securitized Notes Receivable		Securitized Notes Receivable		Total
Balance at year-end 2009	$	16	$	0	$	16

Balance at June 18, 2010	$	13	$	0	$	13

Notes Receivable, Senior Mezzanine And Other Loans, Reserves

The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for the first half of 2010:


*($ in millions)*	Notes Receivable Reserve
Balance at year-end 2009	$	183
Additions		0
Write-offs		(105	)
Transfers and other		8

Balance at June 18, 2010	$	86

The following table summarizes the activity related to our “Loans to timeshare owners” notes receivable reserve for the first half of 2010:


*($ in millions)*	Non-Securitized Notes Receivable Reserve			Securitized Notes Receivable Reserve			Total
Balance at year-end 2009	$	27		$	0		$	27
Additions for current year sales		16			0			16
Write-offs		(34	)		0			(34	)
One-time impact of ASU Nos. 2009-16 and 2009-17 ⁽¹⁾		84			135			219
Repurchase activity ⁽²⁾		29			(29	)		0
Other ⁽³⁾		27			(3	)		24

Balance at June 18, 2010	$	149		$	103		$	252

⁽¹⁾

⁽²⁾

Decrease in securitized reserve and increase in non-securitized reserve was attributable to the transfer of the reserve when we repurchased the notes.

⁽³⁾

Consists of static pool and default rate assumption changes.

Loan Loss Reserves Policy, Timeshare Loans

Notes Receivable Interest Accrual Policy, Timeshare Loans

We do not record accrued interest on “Loans to timeshare owners” that are over 90 days past due

Securitized and Non-Securitized Timeshare Notes Receivable, Loans on Nonaccrual Status

the following table shows our recorded investment in such loans.


*($ in millions)*	Non-Securitized Notes Receivable		Securitized Notes Receivable		Total
Investment in loans on nonaccrual status at June 18, 2010	$	116	$	22	$	138

Investment in loans on nonaccrual status at January 1, 2010	$	113	$	0	$	113

Property and Equipment (Tables)

6 Months Ended

Jun. 18, 2010

Composition of our Property and Equipment Balances

The following table shows the composition of our property and equipment balances.


*($ in millions)*	June 18, 2010			January 1, 2010
Land	$	455		$	454
Buildings and leasehold improvements		925			935
Furniture and equipment		984			996
Construction in progress		199			163

		2,563			2,548
Accumulated depreciation		(1,228	)		(1,186	)

	$	1,335		$	1,362

Long-term Debt (Tables)

6 Months Ended

Jun. 18, 2010

Long-Term Debt

The following table provides detail on our long-term debt balances:


*($ in millions)*	June 18, 2010			January 1, 2010
Non-recourse debt associated with securitized notes receivable, interest rates ranging from 0.27% to 7.20% (weighted average interest rate of 5.21%)	$	987		$	0
Less current portion		(118	)		0

		869			0

Senior Notes:
Series F, interest rate of 4.625%, face amount of $348, maturing June 15, 2012 (effective interest rate of 5.02%) ⁽¹⁾		347			347
Series G, interest rate of 5.810%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.53%) ⁽¹⁾		303			302
Series H, interest rate of 6.200%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.30%) ⁽¹⁾		289			289
Series I, interest rate of 6.375%, face amount of $293, maturing June 15, 2017 (effective interest rate of 6.45%) ⁽¹⁾		291			291
Series J, interest rate of 5.625%, face amount of $400, maturing February 15, 2013 (effective interest rate of 5.71%) ⁽¹⁾		398			398
$2,404 Effective Credit Facility, average interest rate of 0.869%		96			425
Other		200			246

		1,924			2,298
Less current portion		(24	)		(64	)

		1,900			2,234

	$	2,769		$	2,234

⁽¹⁾

Face amount and effective interest rate are as of June 18, 2010.

Debt Principal Payments (Net of Unamortized Discounts)

Debt Principal Payments (net of unamortized discounts)


*($ in millions)*	Non-Recourse Debt		Other Debt		Total
2010	$	78	$	17	$	95
2011		124		12		136
2012		127		455		582
2013		131		411		542
2014		131		12		143
Thereafter		396		1,017		1,413

Balance at June 18, 2010	$	987	$	1,924	$	2,911

Unamortized Debt Discounts


*($ in millions)*	Non-Recourse Debt		Other Debt		Total
Balance at January 1, 2010	$	0	$	20	$	20

Balance at June 18, 2010	$	0	$	18	$	18

Comprehensive Income and Capital Structure (Tables)

6 Months Ended

Jun. 18, 2010

Comprehensive Income and Capital Structure (Table)

The following tables detail comprehensive income attributable to Marriott, comprehensive income attributable to noncontrolling interests, and consolidated comprehensive income.


	Attributable to Marriott						Attributable to Noncontrolling Interests					Consolidated
*($ in millions)*	Twelve Weeks Ended						Twelve Weeks Ended					Twelve Weeks Ended
	June 18, 2010			June 19, 2009			June 18, 2010		June 19, 2009			June 18, 2010			June 19, 2009
Net income (loss)	$	119		$	37		$	0	$	(2	)	$	119		$	35
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		(6	)		23			0		0			(6	)		23
Other derivative instrument adjustments		1			(5	)		0		0			1			(5	)
Unrealized gains on available-for-sale securities		0			5			0		0			0			5

Total other comprehensive (loss) income, net of tax		(5	)		23			0		0			(5	)		23

Comprehensive income (loss)	$	114		$	60		$	0	$	(2	)	$	114		$	58


	Attributable to Marriott						Attributable to Noncontrolling Interests					Consolidated
*($ in millions)*	Twenty-Four Weeks Ended						Twenty-Four Weeks Ended					Twenty-Four Weeks Ended
	June 18, 2010			June 19, 2009			June 18, 2010		June 19, 2009			June 18, 2010			June 19, 2009
Net income (loss)	$	202		$	14		$	0	$	(4	)	$	202		$	10
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		(19	)		12			0		0			(19	)		12
Other derivative instrument adjustments		1			(4	)		0		0			1			(4	)
Unrealized gains on available-for-sale securities		0			3			0		0			0			3

Total other comprehensive (loss) income, net of tax		(18	)		11			0		0			(18	)		11

Comprehensive income (loss)	$	184		$	25		$	0	$	(4	)	$	184		$	21

Changes in Shareholders' Equity Attributable to Marriott Shareholders


*($ in millions, except per share amounts)*					Equity Attributable to Marriott Shareholders
Common Shares Outstanding		Total			Class A Common Stock		Additional Paid-in-Capital			Retained Earnings			Treasury Stock, at Cost			Accumulated Other Comprehensive Income (Loss)
358.2	Balance at year-end 2009	$	1,142		$	5	$	3,585		$	3,103		$	(5,564	)	$	13
0	Impact of adoption of ASU 2009-16 and ASU 2009-17		(146	)		0		0			(146	)		0			0

358.2	Opening balance fiscal year 2010	$	996		$	5	$	3,585		$	2,957		$	(5,564	)	$	13
0	Net income		202			0		0			202			0			0
0	Other comprehensive loss		(18	)		0		0			0			0			(18	)
0	Cash dividends ($0.0800 per share)		(29	)		0		0			(29	)		0			0
4.5	Employee stock plan issuance		73			0		(33	)		0			106			0

362.7	Balance at June 18, 2010	$	1,224		$	5	$	3,552		$	3,130		$	(5,458	)	$	(5	)

Contingencies (Tables)

6 Months Ended

Jun. 18, 2010

Maximum Potential Amount of Future Fundings as the Primary Obligor for Guarantees and the Liability for Expected Future Fundings

The following table shows 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.


*($ in millions)*
Guarantee Type	Maximum Potential Amount of Future Fundings at June 18, 2010		Liability for Expected Future Fundings at June 18, 2010
Debt service	$	37	$	3
Operating profit		118		20
Other		56		2

Total guarantees where we are the primary obligor	$	211	$	25

Business Segments (Tables)

6 Months Ended

Jun. 18, 2010

Revenues

Revenues


	Twelve Weeks Ended				Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010		June 19, 2009		June 18, 2010		June 19, 2009
North American Full-Service Segment	$	1,231	$	1,142	$	2,394	$	2,308
North American Limited-Service Segment		507		471		968		912
International Segment		287		250		554		497
Luxury Segment		364		324		730		675
Timeshare Segment		363		355		721		632

Total segment revenues		2,752		2,542		5,367		5,024
Other unallocated corporate		19		20		34		33

	$	2,771	$	2,562	$	5,401	$	5,057

Net Income (Loss) Attributable to Marriott

Income Attributable to Marriott


	Twelve Weeks Ended						Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010			June 19, 2009			June 18, 2010			June 19, 2009
North American Full-Service Segment	$	85		$	71		$	156		$	140
North American Limited-Service Segment		82			72			141			105
International Segment		42			27			75			64
Luxury Segment		21			15			42			(7	)
Timeshare Segment		30			(35	)		55			(52	)

Total segment financial results		260			150			469			250
Other unallocated corporate		(49	)		(48	)		(102	)		(114	)
Interest expense and interest income ⁽¹⁾		(27	)		(19	)		(54	)		(42	)
Income taxes ⁽²⁾		(65	)		(46	)		(111	)		(80	)

	$	119		$	37		$	202		$	14

⁽¹⁾

Net Losses Attributable to Noncontrolling Interests

Net Losses Attributable to Noncontrolling Interests


	Twelve Weeks Ended					Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010		June 19, 2009			June 18, 2010		June 19, 2009
Timeshare Segment net losses attributable to noncontrolling interests	$	0	$	4		$	0	$	7
Provision for income taxes		0		(2	)		0		(3	)

	$	0	$	2		$	0	$	4

Equity in Losses of Equity Method Investees

Equity in Losses of Equity Method Investees


	Twelve Weeks Ended						Twenty-Four Weeks Ended
*($ in millions)*	June 18, 2010			June 19, 2009			June 18, 2010			June 19, 2009
North American Full-Service Segment	$	1		$	0		$	1		$	0
North American Limited-Service Segment		(1	)		(1	)		(6	)		(4	)
International Segment		(2	)		(1	)		(2	)		(1	)
Luxury Segment		1			(1	)		0			(31	)
Timeshare Segment		(3	)		(1	)		(8	)		(2	)

	$	(4	)	$	(4	)	$	(15	)	$	(38	)

Assets (Table)

Assets


	At Period End
*($ in millions)*	June 18, 2010		January 1, 2010
North American Full-Service Segment	$	1,188	$	1,175
North American Limited-Service Segment		476		468
International Segment		839		849
Luxury Segment		661		653
Timeshare Segment		3,375		2,653

Total segment assets		6,539		5,798
Other unallocated corporate		2,108		2,135

	$	8,647	$	7,933

Restructuring Costs and Other Charges (Tables)

6 Months Ended

Jun. 18, 2010

Liability and Total Costs Incurred Through the Restructuring


*($ in millions)*	Restructuring Costs Liability at January 1, 2010		Cash Payments in the First Half of 2010		Restructuring Costs Liability at June 18, 2010		Total Cumulative Restructuring Costs through 2009⁽¹⁾
Severance-Timeshare	$	4	$	2	$	2	$	29
Facilities exit costs-Timeshare		18		2		16		34
Development cancellations-Timeshare		0		0		0		10

Total restructuring costs-Timeshare		22		4		18		73

Severance-hotel development		1		1		0		4
Development cancellations-hotel development		0		0		0		22

Total restructuring costs-hotel development		1		1		0		26

Severance-above property-level management		2		1		1		7

Total restructuring costs-above property-level management		2		1		1		7

Total restructuring costs	$	25	$	6	$	19	$	106

⁽¹⁾	Includes charges recorded in the 2008 fourth quarter through year-end 2009. Subsequent to fiscal year-end 2009, we did not incur and do not expect to incur additional restructuring expenses.

Basis of Presentation - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Mar. 26, 2010	Jun. 18, 2010	Jan. 01, 2010
Consolidation of existing qualifying special purpose entities, one-time non-cash after-tax reduction to shareholders' equity	$ (146)	$ (146)
Consolidation of existing qualifying special purpose entities, one-time non-cash pre-tax reduction to shareholders' equity	(238)
Consolidation of existing qualifying special purpose entities, one-time non-cash after-tax reduction to shareholders' equity was greater than previously estimated	41
Restricted cash		118	76
Restricted cash, current		87	54
Restricted cash, noncurrent		31	22
Assets
Consolidation of existing qualifying special purpose entities, one-time non-cash after-tax reduction to shareholders' equity		970
Liabilities
Consolidation of existing qualifying special purpose entities, one-time non-cash after-tax reduction to shareholders' equity		$ 1,116

Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Mar. 26, 2010	Jun. 18, 2010
Consolidation of existing qualifying special purpose entities, one-time non-cash pre-tax reduction to shareholders' equity		$ (238)
Consolidation of existing qualifying special purpose entities, one-time non-cash after-tax reduction to shareholders' equity, decrease in deferred tax liabilities		92
Consolidation of existing qualifying special purpose entities, one-time non-cash after-tax reduction to shareholders' equity		(146)	(146)
Increase (decrease) in unrecognized tax benefits	2		(25)
Unrecognized tax benefits at the beginning of the period	222	249	249
Unrecognized tax benefits at the end of the period	224	222	224
Unrecognized tax benefits that, if recognized, would impact the effective tax rate	$ 112		$ 112

Share-Based Compensation - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009	Jan. 01, 2010
Share-based compensation expense related to award grants	$ 26	$ 22	$ 50	$ 50
Deferred compensation costs related to unvested awards	$ 173		$ 173		$ 122
Shares reserved under the Comprehensive Plan	64		64
Restricted Stock Units
Stock awards, granted to certain officers and key employees			3.7
Stock awards, vesting period			four years
Stock awards, weighted average grant-date fair value			$ 27
Stock Appreciation Rights
Stock awards, granted to certain officers and key employees			1.1
Stock awards, expiration from grant date (years)	10		10
Stock awards, vesting period			four years
Stock awards, weighted average grant-date fair value			$ 10
Stock awards, weighted average exercise price			$ 27
Stock Option Program and Stock Appreciation Right Program
Shares reserved under the Comprehensive Plan	35		35

Assumptions for the Employee SARs Granted (Detail) (Stock Appreciation Rights)	6 Months Ended
	Jun. 18, 2010
Stock Appreciation Rights
Expected volatility	32.00%
Dividend yield	0.71%
Risk-free rate	3.30%
Expected term (in years)	7

Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Loans to timeshare owners - securitized	$ 960	$ 0
Loans to timeshare owners - non-securitized	346	424
Senior, mezzanine, and other loans - non-securitized	188	196
Restricted cash	118	76
Non-recourse debt associated with securitized notes receivable	987	0
$2,404 Effective Credit Facility	96	425
Other long-term debt	200	246
Carrying Amount \| Noncurrent Assets
Cost method investments	46	41
Loans to timeshare owners - securitized	849	0
Loans to timeshare owners - non-securitized	288	352
Senior, mezzanine, and other loans - non-securitized	92	100
Residual interests and effectively owned notes	0	197
Restricted cash	31	22
Marketable securities	18	18
Total long-term financial assets	1,324	730
Carrying Amount \| Noncurrent Liabilities
Non-recourse debt associated with securitized notes receivable	(869)	0
Senior Notes	(1,629)	(1,627)
$2,404 Effective Credit Facility	(96)	(425)
Other long-term debt	(149)	(154)
Other long-term liabilities	(76)	(86)
Long-term derivative liabilities	(2)	(1)
Total long-term financial liabilities	(2,821)	(2,293)
Fair Value \| Noncurrent Assets
Cost method investments	43	43
Loans to timeshare owners - securitized	976	0
Loans to timeshare owners - non-securitized	307	368
Senior, mezzanine, and other loans - non-securitized	65	77
Residual interests and effectively owned notes	0	197
Restricted cash	31	22
Marketable securities	18	18
Total long-term financial assets	1,440	725
Fair Value \| Noncurrent Liabilities
Non-recourse debt associated with securitized notes receivable	(709)	0
Senior Notes	(1,737)	(1,707)
$2,404 Effective Credit Facility	(96)	(425)
Other long-term debt	(141)	(154)
Other long-term liabilities	(70)	(75)
Long-term derivative liabilities	(2)	(1)
Total long-term financial liabilities	$ (2,755)	$ (2,362)

Fair Value of Financial Instruments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010
Fair Value, Inputs, Level 1
Carrying value of our marketable securities	$ 18
Derivative instruments, current asset position	1
Derivative instruments, current liability position	1
Fair Value, Inputs, Level 2
Derivative instruments, current liability position	1
Fair Value, Inputs, Level 3
Derivative instruments, long-term liability position	$ 2

Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share Attributable to Marriott Shareholders (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009
Computation of Basic Earnings Per Share Attributable to Marriott Shareholders
Income attributable to Marriott shareholders	$ 119	$ 37	$ 202	$ 14
Weighted average shares outstanding	362.1	356.2	360.7	355.3
Basic earnings per share attributable to Marriott shareholders	$ 0.33	$ 0.10	$ 0.56	$ 0.04
Computation of Diluted Earnings Per Share Attributable to Marriott Shareholders
Income attributable to Marriott shareholders	$ 119	$ 37	$ 202	$ 14
Weighted average shares outstanding	362.1	356.2	360.7	355.3
Effect of dilutive securities
Employee stock option and SARs plans	11.5	7.4	10.7	6.3
Deferred stock incentive plans	1.1	1.4	1.2	1.5
Restricted stock units	2.7	1.0	2.9	1.1
Shares for diluted earnings per share attributable to Marriott shareholders	377.4	366.0	375.5	364.2
Diluted earnings per share attributable to Marriott shareholders	$ 0.31	$ 0.10	$ 0.54	$ 0.04

Earnings Per Share - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009
Stock options and SARs not included in the calculation of diluted earnings per share because exercise prices exceeded market prices	2.5	12.6	3.7	12.9
Restricted Stock Units
Restricted stock units excluded from the calculation of diluted earnings per share attributable to Marriott shareholders		1.3		1.3
Lower Limit
Stock options and SARs not included in the calculation of diluted earning per share because exercise prices exceeded market prices, exercise prices range	$ 34.11	$ 21.95	$ 31.05	$ 18.94
Upper Limit
Stock options and SARs not included in the calculation of diluted earning per share because exercise prices exceeded market prices, exercise prices range	$ 49.03	$ 49.03	$ 49.03	$ 49.03

Inventory - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Inventory (including from VIEs of $194 and $96, respectively)	$ 1,467	$ 1,444
Inventory, hotel operating supplies for owned or leased properties	17	18
Timeshare Segment
Inventory (including from VIEs of $194 and $96, respectively)	$ 1,450	$ 1,426

Composition of our Timeshare Segment Inventory Balances (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Inventory (including from VIEs of $194 and $96, respectively)	$ 1,467	$ 1,444
Timeshare Segment
Finished goods	757	721
Work-in-process	148	198
Land and infrastructure	545	507
Inventory (including from VIEs of $194 and $96, respectively)	$ 1,450	$ 1,426

Composition of our Property and Equipment Balances (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Land	$ 455	$ 454
Buildings and leasehold improvements	925	935
Furniture and equipment	984	996
Construction in progress	199	163
Property, Plant and Equipment, Gross, Total	2,563	2,548
Accumulated depreciation	(1,228)	(1,186)
Property and equipment	$ 1,335	$ 1,362

Composition of our Notes Receivable Balances (Net of Reserves) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Loans to timeshare owners - securitized	$ 960	$ 0
Loans to timeshare owners - non-securitized	346	424
Senior, mezzanine, and other loans - non-securitized	188	196
Total notes receivable	1,494	620
Notes receivable (including from VIEs of $849 and $0, respectively)	1,230	452
Current Assets
Loans to timeshare owners - securitized	(111)	0
Loans to timeshare owners - non-securitized	(58)	(72)
Senior, mezzanine, and other loans - non-securitized	$ (95)	$ (96)

Notes Receivable - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009	Jan. 01, 2010
Notes receivable	$ 1,230		$ 1,230		$ 452
Notes receivable reserve representing an allowance for credit losses	338		338		210
Interest income associated with Loans to timeshare owners	289	283	574	492
Interest Income
Interest income associated with Loans to timeshare owners	43	10	88	23
Nonsecuritized Notes Receivable
Notes receivable reserve representing an allowance for credit losses	235		235		210
Nonsecuritized Notes Receivable \| Interest Income
Interest income associated with Loans to timeshare owners	10	10	19	23
Securitized Notes Receivable
Notes receivable reserve representing an allowance for credit losses	103		103		0
Securitized Notes Receivable \| Interest Income
Interest income associated with Loans to timeshare owners	33	0	69	0
Timeshare Segment
Notes receivable reserve representing an allowance for credit losses	252		252		27
Timeshare Segment \| Nonsecuritized Notes Receivable
Notes receivable reserve representing an allowance for credit losses	149		149		27
Estimated average remaining default rates for outstanding timeshare notes receivable	10.20%		10.20%
Timeshare Segment \| Securitized Notes Receivable
Notes receivable reserve representing an allowance for credit losses	103		103		0
Estimated average remaining default rates for outstanding timeshare notes receivable	10.20%		10.20%
Senior, Mezzanine and Other Loans
Recorded investment in impaired Senior, mezzanine, and other loans	94		94		191
Investment in impaired loans with no related allowance for credit losses	8		8		8
Senior, Mezzanine and Other Loans \| Nonsecuritized Notes Receivable
Notes receivable reserve representing an allowance for credit losses	86		86		183
Timeshare Loans
Notes receivable	1,137		1,137		352
Loans to Equity Method Investee
Notes receivable	2		2		10
Other Receivables
Notes receivable	$ 91		$ 91		$ 90

Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts) and Interest Rates (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
2010	$ 196
2011	158
2012	173
2013	161
2014	154
Thereafter	652
Total notes receivable	1,494	620
Weighted average interest rate	12.00%
Range of stated interest rates, minimum	0.00%
Range of stated interest rates, maximum	19.50%
Nonsecuritized Notes Receivable
2010	132
2011	45
2012	57
2013	41
2014	34
Thereafter	225
Total notes receivable	534
Weighted average interest rate	10.10%
Range of stated interest rates, minimum	0.00%
Range of stated interest rates, maximum	19.50%
Securitized Notes Receivable
2010	64
2011	113
2012	116
2013	120
2014	120
Thereafter	427
Total notes receivable	$ 960
Weighted average interest rate	13.00%
Range of stated interest rates, minimum	5.20%
Range of stated interest rates, maximum	19.50%

Activity Related to “Senior, mezzanine, and other loans” Notes Receivable Reserve (Detail) (USD $) In Millions, unless otherwise specified			6 Months Ended
	Jun. 18, 2010	Jan. 01, 2010	Jun. 18, 2010 Senior, Mezzanine and Other Loans
Beginning Balance	$ 338	$ 210	$ 183
Additions			0
Write-offs			(105)
Transfers and other			8
Ending Balance	$ 338	$ 210	$ 86

Activity Related to “Loans to timeshare owners” Notes Receivable Reserve (Detail) (USD $)
In Millions, unless otherwise specified

6 Months Ended

Jun. 18, 2010

Jan. 01, 2010

Jun. 18, 2010

Timeshare Segment

Jun. 18, 2010

Nonsecuritized Notes Receivable

Jan. 01, 2010

Nonsecuritized Notes Receivable

Jun. 18, 2010

Nonsecuritized Notes Receivable

Timeshare Segment

Jun. 18, 2010

Securitized Notes Receivable

Jan. 01, 2010

Securitized Notes Receivable

Jun. 18, 2010

Securitized Notes Receivable

Timeshare Segment

Beginning Balance

$ 338

$ 210

$ 27

$ 235

$ 210

$ 27

$ 103

$ 0

Additions for current year sales

Write-offs

(34)

One-time impact of ASU Nos. 2009-16 and 2009-17

219

^[1]

135

^[1]

Repurchase activity

^[2]

(29)

^[2]

Other

^[3]

(3)

^[3]

Ending Balance

$ 338

$ 210

$ 252

$ 235

$ 210

$ 149

$ 103

$ 0

$ 103

[1]	The non-securitized notes receivable reserve relates to the implementation of ASU Nos. 2009-16 and 2009-17, which required us to establish reserves for certain previously securitized and subsequently repurchased notes held at January 2, 2010.
[2]	Decrease in securitized reserve and increase in non-securitized reserve was attributable to the transfer of the reserve when we repurchased the notes.
[3]	Consists of static pool and default rate assumption changes.

Securitized and Non-Securitized Timeshare Notes Receivable, Loans on Nonaccrual Status (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Investment in loans on nonaccrual status	$ 1,494	$ 620
Timeshare Loans \| Non Accrual Loans
Investment in loans on nonaccrual status	138	113
Nonsecuritized Notes Receivable
Investment in loans on nonaccrual status	534
Nonsecuritized Notes Receivable \| Timeshare Loans \| Non Accrual Loans
Investment in loans on nonaccrual status	116	113
Securitized Notes Receivable
Investment in loans on nonaccrual status	960
Securitized Notes Receivable \| Timeshare Loans \| Non Accrual Loans
Investment in loans on nonaccrual status	$ 22	$ 0

Long-Term Debt (Detail) (USD $)
In Millions, unless otherwise specified

Jun. 18, 2010

Jan. 01, 2010

Non-recourse debt associated with securitized notes receivable, interest rates ranging from 0.27% to 7.20% (weighted average interest rate of 5.21%)

$ 987

$ 0

Less current portion

(118)

Non-recourse debt, Total

869

$2,404 Effective Credit Facility, average interest rate of 0.869%

425

Other

200

246

Recourse Debt

1,924

2,298

Less current portion

(24)

(64)

Recourse debt, Total

1,900

2,234

Long-term debt (including from VIEs of $872 and $3, respectively)

2,769

2,234

Series F, Senior Notes 4.625% Due June 15, 2012

Senior Notes

347

^[1]

347

^[1]

Series G, Senior Notes 5.810% Due November 10, 2015

Senior Notes

303

^[1]

302

^[1]

Series H, Senior Notes 6.200% Due June 15, 2016

Senior Notes

289

^[1]

289

^[1]

Series I, Senior Notes 6.375% Due June 15, 2017

Senior Notes

291

^[1]

291

^[1]

Series J, Senior Notes 5.625% Due February 15, 2013

Senior Notes

$ 398

^[1]

$ 398

^[1]

[1]	Face amount and effective interest rate are as of June 18, 2010.

Long-Term Debt (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010
Non-recourse debt associated with securitized notes receivable, weighted average interest rate	5.21%
$2,404 Effective Credit Facility, borrowing capacity	$ 2,404
$2,404 Effective Credit Facility, average interest rate	0.869%
Non Recourse Debt \| Lower Limit
Debt instrument, stated interest rate	0.27%
Non Recourse Debt \| Upper Limit
Debt instrument, stated interest rate	7.20%
Series F, Senior Notes 4.625% Due June 15, 2012
Debt instrument, stated interest rate	4.625%
Senior Notes, face amount	348
Senior Notes, effective interest rate	5.02%
Series G, Senior Notes 5.810% Due November 10, 2015
Debt instrument, stated interest rate	5.81%
Senior Notes, face amount	316
Senior Notes, effective interest rate	6.53%
Series H, Senior Notes 6.200% Due June 15, 2016
Debt instrument, stated interest rate	6.20%
Senior Notes, face amount	289
Senior Notes, effective interest rate	6.30%
Series I, Senior Notes 6.375% Due June 15, 2017
Debt instrument, stated interest rate	6.375%
Senior Notes, face amount	293
Senior Notes, effective interest rate	6.45%
Series J, Senior Notes 5.625% Due February 15, 2013
Debt instrument, stated interest rate	5.625%
Senior Notes, face amount	$ 400
Senior Notes, effective interest rate	5.71%

Long-term Debt - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Mar. 26, 2010	Jun. 18, 2010	Jun. 19, 2009
Multicurrency revolving credit agreement, aggregate effective borrowings		$ 2,404
Number of securitized notes receivable pools	13	13
Number of securitized notes receivable pools previously under performance triggers that returned to compliance	1
Number of securitized notes receivable pools that reached performance triggers	3
Number of securitized notes receivable pools out of compliance with performance triggers	1	1
Cash paid for interest, net of amounts capitalized		74	48
Securitized Notes Receivable \| Performance Triggers
Performance parameters unmet, cash in excess of spread was used to pay down debt		$ 2

Debt Principal Payments (Net of Unamortized Discounts) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010
2010	$ 95
2011	136
2012	582
2013	542
2014	143
Thereafter	1,413
Balance at June 18, 2010	2,911
Non Recourse Debt
2010	78
2011	124
2012	127
2013	131
2014	131
Thereafter	396
Balance at June 18, 2010	987
Recourse debt (Member)
2010	17
2011	12
2012	455
2013	411
2014	12
Thereafter	1,017
Balance at June 18, 2010	$ 1,924

Comprehensive Income and Capital Structure (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009
Net income (loss)	$ 119	$ 35	$ 202	$ 10
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(6)	23	(19)	12
Other derivative instrument adjustments	1	(5)	1	(4)
Unrealized gains on available-for-sale securities	0	5	0	3
Total other comprehensive (loss) income, net of tax	(5)	23	(18)	11
Comprehensive income (loss)	114	58	184	21
Parent
Net income (loss)	119	37	202	14
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(6)	23	(19)	12
Other derivative instrument adjustments	1	(5)	1	(4)
Unrealized gains on available-for-sale securities	0	5	0	3
Total other comprehensive (loss) income, net of tax	(5)	23	(18)	11
Comprehensive income (loss)	114	60	184	25
Noncontrolling Interest
Net income (loss)	0	(2)	0	(4)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	0	0	0	0
Other derivative instrument adjustments	0	0	0	0
Unrealized gains on available-for-sale securities	0	0	0	0
Total other comprehensive (loss) income, net of tax	0	0	0	0
Comprehensive income (loss)	$ 0	$ (2)	$ 0	$ (4)

- 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 (decrease) in deferred hedging gains or losses.

+ References+ Details

- 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 or 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 or 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 or losses realized upon the sale of securities, after tax; and (3) the unrealized gains or losses realized upon the write-down of securities, after tax.

+ References+ Details

Comprehensive Income and Capital Structure - Additional Information (Detail) (USD $)	3 Months Ended	6 Months Ended
	Mar. 26, 2010	Jun. 18, 2010	Jan. 01, 2010
Equity attributable to the noncontrolling interests		$ 0	$ 0
Consolidation of existing qualifying special purpose entities, one-time non-cash after-tax reduction to shareholders' equity	$ (146,000,000)	$ (146,000,000)

Changes in Shareholders' Equity Attributable to Marriott Shareholders (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 18, 2010	Mar. 26, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009
Balance at year-end 2009		$ 1,142		$ 1,142
Impact of adoption of ASU 2009-16 and ASU 2009-17		(146)		(146)
Opening balance fiscal year 2010				996
Net income	119		35	202	10
Other comprehensive loss	(5)		23	(18)	11
Cash dividends ($0.0800 per share)				(29)
Employee stock plan issuance				73
Balance at June 18, 2010	1,224			1,224
Common Stock
Balance at year-end 2009		5		5
Impact of adoption of ASU 2009-16 and ASU 2009-17				0
Opening balance fiscal year 2010				5
Net income				0
Other comprehensive loss				0
Cash dividends ($0.0800 per share)				0
Employee stock plan issuance				0
Balance at June 18, 2010	5			5
Balance at year-end 2009		358.2		358.2
Opening balance fiscal year 2010				358.2
Employee stock plan issuance				4.5
Balance at June 18, 2010	362.7			362.7
Additional Paid-in Capital
Balance at year-end 2009		3,585		3,585
Impact of adoption of ASU 2009-16 and ASU 2009-17				0
Opening balance fiscal year 2010				3,585
Net income				0
Other comprehensive loss				0
Cash dividends ($0.0800 per share)				0
Employee stock plan issuance				(33)
Balance at June 18, 2010	3,552			3,552
Retained Earnings
Balance at year-end 2009		3,103		3,103
Impact of adoption of ASU 2009-16 and ASU 2009-17				(146)
Opening balance fiscal year 2010				2,957
Net income				202
Other comprehensive loss				0
Cash dividends ($0.0800 per share)				(29)
Employee stock plan issuance				0
Balance at June 18, 2010	3,130			3,130
Treasury Stock
Balance at year-end 2009		(5,564)		(5,564)
Impact of adoption of ASU 2009-16 and ASU 2009-17				0
Opening balance fiscal year 2010				(5,564)
Net income				0
Other comprehensive loss				0
Cash dividends ($0.0800 per share)				0
Employee stock plan issuance				106
Balance at June 18, 2010	(5,458)			(5,458)
Accumulated Other Comprehensive Income / (Loss)
Balance at year-end 2009		13		13
Impact of adoption of ASU 2009-16 and ASU 2009-17				0
Opening balance fiscal year 2010				13
Net income				0
Other comprehensive loss				(18)
Cash dividends ($0.0800 per share)				0
Employee stock plan issuance				0
Balance at June 18, 2010	$ (5)			$ (5)

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	Jun. 18, 2010
Maximum Potential Amount of Future Fundings at June 18, 2010	$ 211
Liability for Expected Future Fundings at June 18, 2010	25
Guarantee, Indebtedness of Others
Maximum Potential Amount of Future Fundings at June 18, 2010	37
Liability for Expected Future Fundings at June 18, 2010	3
Guarantee, Operating Profit
Maximum Potential Amount of Future Fundings at June 18, 2010	118
Liability for Expected Future Fundings at June 18, 2010	20
Guarantee, Other
Maximum Potential Amount of Future Fundings at June 18, 2010	56
Liability for Expected Future Fundings at June 18, 2010	$ 2

Contingencies - Additional Information (Detail) In Millions, unless otherwise specified	Jun. 18, 2010 USD ($)	Jun. 18, 2010 Primary Obligor USD ($)	Jun. 18, 2010 Primary Obligor Guarantee, Operating Profit Condition Not Yet in Effect USD ($)	Jun. 18, 2010 Primary Obligor Guarantee, Indebtedness of Others Condition Not Yet in Effect USD ($)	Jun. 18, 2010 Primary Obligor Guarantee, Other Condition Not Yet in Effect USD ($)	Jun. 18, 2010 Secondarily Liable USD ($)	Jun. 18, 2010 Secondarily Liable Property Lease Guarantee Sunrise Senior Living, Inc USD ($)	Jun. 18, 2010 Secondarily Liable Property Lease Guarantee Renaissance Hotel Group N. V. USD ($)	Jun. 18, 2010 Secondarily Liable Property Lease Guarantee Renaissance Hotel Group N. V. EUR (€)	Sep. 09, 2005 Secondarily Liable Property Lease Guarantee Renaissance Hotel Group N. V. EUR (€)	Jun. 18, 2010 Secondarily Liable Debt Securities Payable USD ($)	Jun. 18, 2010 Secondarily Liable Debt Securities Payable Sunrise Senior Living, Inc USD ($)	Jun. 18, 2010 Secondarily Liable Debt Securities Payable CNL Retirement Properties, Inc USD ($)	Jun. 18, 2010 Secondarily Liable Debt Securities Payable Five Star Senior Living USD ($)	Jun. 18, 2010 Project Completion Guarantee Project One USD ($)	Jun. 18, 2010 Project Completion Guarantee Project Two USD ($)	Jun. 18, 2010 Project Completion Guarantee Project Two CAD	Jun. 18, 2010 Lodging Properties Commitments USD ($)	Jun. 18, 2010 Lodging Properties Commitments Within Three Years From Balance Sheet Date USD ($)	Jun. 18, 2010 Lodging Properties Commitments Expirations Within Three Years From Balance Sheet Date USD ($)	Jun. 18, 2010 Lodging Properties Commitments Expirations More than Three and within Five Years from Balance Sheet Date USD ($)	Jun. 18, 2010 Lodging Properties Commitments Expirations More than Five Years from Balance Sheet Date and Thereafter USD ($)	Jun. 18, 2010 Equity Investment for Non Controlling Interest in Partnership Commitment USD ($)	Jun. 18, 2010 Equity Investment for Non Controlling Interest in Partnership Commitment More than One and within Two Years from Balance Sheet Date USD ($)	Jun. 18, 2010 Equity Investment for Non Controlling Interest in Partnership Commitment More than One and within Two Years from Balance Sheet Date Expirations USD ($)	Jun. 18, 2010 Equity Investment for Non Controlling Interest in Partnership Commitment More than Two and within Three Years from Balance Sheet Date USD ($)	Jun. 18, 2010 Equity Investment for Non Controlling Interest in Partnership Commitment More Than Three Years From Balance Sheet Date and Thereafter USD ($)	Jun. 18, 2010 Equity Investment for Non Controlling Interest in Partnership Commitment More Than Three Years From Balance Sheet Date and Thereafter Expirations USD ($)	Jun. 18, 2010 Investment in Joint Venture for Development of New Property Commitment Within Three Years From Balance Sheet Date USD ($)	Jun. 18, 2010 Investment in Fund to Purchase or Develop Hotels Commitment Expirations USD ($)	Jun. 18, 2010 Investment in Fund to Purchase or Develop Hotels Commitment Expirations EUR (€)	Jun. 18, 2010 Investment in Other Joint Venture Commitment USD ($)	Jun. 18, 2010 Investment in Other Joint Venture Commitment EUR (€)	Jun. 18, 2010 Investment in Other Commitments USD ($)	Jun. 18, 2010 Investment in Other Commitments One Year from Balance Sheet Date USD ($)	Jun. 18, 2010 Timeshare Segment Commitments USD ($)	Jun. 18, 2010 Timeshare Segment Other Condition Commitments USD ($)	Jun. 18, 2010 Other Purchase Commitment Commitments USD ($)	Jun. 18, 2010 Other Purchase Commitment Commitments EUR (€)	Jun. 18, 2010 Other Purchase Commitment More than One and within Two Years from Balance Sheet Date Commitments USD ($)	Jun. 18, 2010 Other Purchase Commitment More than Two and within Three Years from Balance Sheet Date Commitments USD ($)	Jun. 18, 2010 Other Purchase Commitment One Year from Balance Sheet Date Commitments USD ($)	Jun. 18, 2010 Other Purchase Commitment More than Three and within Four Years from Balance Sheet Date Commitments USD ($)
Guarantee obligations		$ 211	$ 31	$ 3	$ 7	$ 153	$ 102				$ 51	$ 7	$ 42	$ 2	$ 592	$ 461	483
Pro rata ownership in the joint venture															34.00%	20.00%	20.00%
Carrying value of our liability related to this guarantee		25														3
Carrying value of our liability related to this guarantee		3													28
Liability for expected future fundings, in "Other long-term liabilities"		22
Annual rent payments, approximately								6
Remaining rent payments, approximately								51
CTF Holdings Ltd. cash collateral in the event funding is required								7	6	35
Loan commitments that we have extended to owners of lodging properties																		4	1
Loan commitments not expected to be funded																		3		1	1	1
Investment commitment																							44	24	24	10	10	20	11	43	35			9	1
Investment commitments not expected to be funded																																25	20
Purchase commitments																																				130
Deposits in conjunction with commitments to purchase timeshare and fractional units upon completion of construction																																				22
Unfunded purchase commitments																																				108	100	4	3	1	1	1	1
Letters of credit outstanding	98
Surety bonds issued	$ 284

Revenues (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009
Revenue	$ 2,771	$ 2,562	$ 5,401	$ 5,057
North American Full Service Segment
Revenue	1,231	1,142	2,394	2,308
North American Limited Service Segment
Revenue	507	471	968	912
International Segment
Revenue	287	250	554	497
Luxury Segment
Revenue	364	324	730	675
Timeshare Segment
Revenue	363	355	721	632
Total Reportable Segments
Revenue	2,752	2,542	5,367	5,024
Unallocated Corporate
Revenue	$ 19	$ 20	$ 34	$ 33

Net Income (Loss) Attributable to Marriott (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

6 Months Ended

Jun. 18, 2010

Jun. 19, 2009

Jun. 18, 2010

Jun. 19, 2009

Segment financial results

$ 260

$ 150

$ 469

$ 250

Other unallocated corporate

(49)

(48)

(102)

(114)

Interest expense and interest income

(27)

^[1]

(19)

^[1]

(54)

^[1]

(42)

^[1]

Income taxes

(65)

^[2]

(46)

^[2]

(111)

^[2]

(80)

^[2]

NET INCOME ATTRIBUTABLE TO MARRIOTT

119

202

North American Full Service Segment

Segment financial results

156

140

North American Limited Service Segment

Segment financial results

141

105

International Segment

Segment financial results

Luxury Segment

Segment financial results

(7)

Timeshare Segment

Segment financial results

$ 30

$ (35)

$ 55

$ (52)

[1]	Of the $44 million and $89 million of interest expense shown on the Condensed Consolidated Statements of Income for the twelve and twenty-four weeks ended June 18, 2010, respectively, we allocated $14 million and $28 million, respectively, to our Timeshare Segment.
[2]	The $46 million and $80 million of income taxes for the twelve and twenty-four weeks ended June 19, 2009, included respectively, our provision for income taxes of $44 million and $77 million and taxes attributable to noncontrolling interests of $2 million and $3 million for the applicable periods.

- Definition

The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.

+ References+ Details

Net Income (Loss) Attributable to Marriott (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

6 Months Ended

Jun. 18, 2010

Jun. 19, 2009

Jun. 18, 2010

Jun. 19, 2009

Interest expense

$ 44

$ 28

$ 89

$ 57

Income taxes

^[1]

111

^[1]

Provision for income taxes

111

Timeshare Segment

Interest expense

Noncontrolling Interest | Timeshare Segment

Income taxes

$ 0

$ (2)

$ 0

$ (3)

[1]	The $46 million and $80 million of income taxes for the twelve and twenty-four weeks ended June 19, 2009, included respectively, our provision for income taxes of $44 million and $77 million and taxes attributable to noncontrolling interests of $2 million and $3 million for the applicable periods.

Net Losses Attributable to Noncontrolling Interests (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

6 Months Ended

Jun. 18, 2010

Jun. 19, 2009

Jun. 18, 2010

Jun. 19, 2009

Timeshare Segment net losses attributable to noncontrolling interests

$ (260)

$ (150)

$ (469)

$ (250)

Provision for income taxes

^[1]

111

^[1]

Add: Net losses attributable to noncontrolling interests, net of tax

Timeshare Segment | Noncontrolling Interest

Timeshare Segment net losses attributable to noncontrolling interests

Provision for income taxes

$ 0

$ (2)

$ 0

$ (3)

[1]	The $46 million and $80 million of income taxes for the twelve and twenty-four weeks ended June 19, 2009, included respectively, our provision for income taxes of $44 million and $77 million and taxes attributable to noncontrolling interests of $2 million and $3 million for the applicable periods.

Equity in Losses of Equity Method Investees (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 18, 2010	Jun. 19, 2009	Jun. 18, 2010	Jun. 19, 2009
Equity in Losses of Equity Method Investees	$ (4)	$ (4)	$ (15)	$ (38)
North American Full Service Segment
Equity in Losses of Equity Method Investees	1	0	1	0
North American Limited Service Segment
Equity in Losses of Equity Method Investees	(1)	(1)	(6)	(4)
International Segment
Equity in Losses of Equity Method Investees	(2)	(1)	(2)	(1)
Luxury Segment
Equity in Losses of Equity Method Investees	1	(1)	0	(31)
Timeshare Segment
Equity in Losses of Equity Method Investees	$ (3)	$ (1)	$ (8)	$ (2)

- 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. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment.

+ References+ Details

Assets (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Total Assets	$ 8,647	$ 7,933
North American Full Service Segment
Total Assets	1,188	1,175
North American Limited Service Segment
Total Assets	476	468
International Segment
Total Assets	839	849
Luxury Segment
Total Assets	661	653
Timeshare Segment
Total Assets	3,375	2,653
Total Reportable Segments
Total Assets	6,539	5,798
Unallocated Corporate
Total Assets	$ 2,108	$ 2,135

Restructuring Costs and Other Charges - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

4 Months Ended

6 Months Ended

12 Months Ended

16 Months Ended

Jun. 18, 2010

Jun. 19, 2009

Mar. 27, 2009

Jan. 02, 2009

Jun. 18, 2010

Jun. 19, 2009

Jan. 01, 2009

Jan. 01, 2010

Aggregate restructuring costs

$ 0

$ 33

$ 2

$ 55

$ 0

$ 35

$ 51

$ 106

^[1]

Other charges

$ 24

$ 127

$ 137

$ 162

[1]	Includes charges recorded in the 2008 fourth quarter through year-end 2009. Subsequent to fiscal year-end 2009, we did not incur and do not expect to incur additional restructuring expenses.

Liability and Total Costs Incurred Through the Restructuring (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

4 Months Ended

6 Months Ended

12 Months Ended

16 Months Ended

Jun. 18, 2010

Jun. 19, 2009

Mar. 27, 2009

Jan. 02, 2009

Jun. 18, 2010

Jun. 19, 2009

Jan. 01, 2009

Jan. 01, 2010

Restructuring Costs Liability at January 1, 2010

$ 25

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

106

^[1]

Timeshare Segment

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Timeshare Segment | Employee Severance

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Timeshare Segment | Facility Closing

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Timeshare Segment | Development Cancellations

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Hotel Development

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Hotel Development | Employee Severance

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Hotel Development | Development Cancellations

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Above Property Level Management

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

^[1]

Above Property Level Management | Employee Severance

Restructuring Costs Liability at January 1, 2010

Cash Payments in the First Half of 2010

Restructuring Costs Liability at June 18, 2010

Aggregate restructuring costs

$ 7

^[1]

[1]	Includes charges recorded in the 2008 fourth quarter through year-end 2009. Subsequent to fiscal year-end 2009, we did not incur and do not expect to incur additional restructuring expenses.

Variable Interest Entities - Additional Information (Detail) (USD $)			6 Months Ended						6 Months Ended							6 Months Ended
	Jun. 18, 2010	Jan. 01, 2010	Jun. 18, 2010 Timeshare Segment	Jun. 19, 2009 Timeshare Segment	Jun. 18, 2010 Timeshare Segment Lower Limit	Jun. 18, 2010 Timeshare Segment Upper Limit	Jun. 18, 2010 Variable Interest Entity, Primary Beneficiary Group 1	Jun. 18, 2010 Variable Interest Entity, Primary Beneficiary Group 1 Non Recourse	Jun. 18, 2010 Variable Interest Entity, Primary Beneficiary Group 2	Jun. 18, 2010 Variable Interest Entity, Primary Beneficiary Group 2 Non Recourse	Jun. 18, 2010 Variable Interest Entity, Primary Beneficiary Group 3	Jun. 18, 2010 Variable Interest Entity, Primary Beneficiary Group 3 Non Recourse	Jun. 18, 2010 Variable Interest Entity, Primary Beneficiary Group 5	Jun. 18, 2010 Variable Interest Entity, Not Primary Beneficiary Group 4 Inventories	Jun. 18, 2010 Variable Interest Entity, Not Primary Beneficiary Group 6	Jun. 18, 2010 Variable Interest Entity, Not Primary Beneficiary Group 7	Jun. 18, 2010 Variable Interest Entity, Not Primary Beneficiary Group 7 Eight of Eleven Hotels Secondarily Liable	Jun. 18, 2010 Variable Interest Entity, Not Primary Beneficiary Group 7 Three of Eleven Hotels Secondarily Liable
Total Assets	$ 8,647,000,000	$ 7,933,000,000					$ 1,025,000,000		$ 30,000,000
Accrued liability for additional funding															28,000,000
Collateral for the VIEs obligations, carrying amount, real estate held for development, property, equipment, and other assets									27,000,000
Notes receivable, current							111,000,000								2,000,000
Collateral for the VIEs obligations, carrying amount, cash									3,000,000
Notes receivable (including from VIEs of $849 and $0, respectively)	1,230,000,000	452,000,000					849,000,000
Restricted cash, current	87,000,000	54,000,000					49,000,000
Restricted cash, noncurrent	31,000,000	22,000,000					16,000,000
Property and equipment	1,335,000,000	1,362,000,000											19,000,000
Total Liabilities								994,000,000		4,000,000		0	0
Interest payable								7,000,000
Noncontrolling interest	0	0					0			0			0
Current portion of long-term debt	142,000,000	64,000,000						118,000,000
Long-term debt	2,769,000,000	2,234,000,000						869,000,000
Limit to repurchasing defaulted mortgage notes at the outstanding principal balance					10.00%	15.00%
Defaulted notes voluntarily repurchased			29,000,000	35,000,000
Contracted to purchase noncontrolling interest									0
Inventory	1,467,000,000	1,444,000,000									171,000,000
Maximum exposure to loss														29,000,000
Future minimum lease payment																	53,000,000	16,000,000
Nature of common ownership or management control relationships																we manage certain hotels on behalf of tenant entities 100 percent owned by CTF, which lease the hotels from third-party owners	We are secondarily liable (after exhaustion of funds from the trust account) for rent payments for eight of the 11 hotels if there are cash flow shortfalls	we are secondarily liable for rent payments of up to an aggregate cap of $16 million for the three other hotels if there are cash flow shortfalls
Total number of hotels																11
Number of entities on behalf of																3
CTF trust account																$ 5,000,000

Notes Receivable Reserves (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Notes Receivable Reserves Balance	$ 338	$ 210
Nonsecuritized Notes Receivable
Notes Receivable Reserves Balance	235	210
Securitized Notes Receivable
Notes Receivable Reserves Balance	$ 103	$ 0

Notes Receivable Unamortized Discounts (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Notes Receivable Unamortized Discounts Balance	$ 13	$ 16
Nonsecuritized Notes Receivable
Notes Receivable Unamortized Discounts Balance	13	16
Securitized Notes Receivable
Notes Receivable Unamortized Discounts Balance	$ 0	$ 0

Unamortized Debt Discounts (Detail) (USD $) In Millions, unless otherwise specified	Jun. 18, 2010	Jan. 01, 2010
Unamortized discount balance	$ 18	$ 20
Non Recourse Debt
Unamortized discount balance	0	0
Recourse debt (Member)
Unamortized discount balance	$ 18	$ 20