|
Document and Entity Information
|
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2013
|
Oct. 18, 2013
|
|
| Document and Entity Information [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Sep. 30, 2013 | |
| Document Fiscal Year Focus | 2013 | |
| Document Fiscal Period Focus | Q3 | |
| 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 | 299,538,446 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
| REVENUES | ||||
| Base management fees | $ 150 | $ 134 | $ 399 | $ 469 |
| Franchise fees | 175 | 149 | 420 | 503 |
| Incentive management fees | 53 | 36 | 142 | 183 |
| Owned, leased, corporate housing, and other revenue | 220 | 200 | 681 | 690 |
| Cost reimbursements | 2,562 | 2,210 | 6,415 | 7,720 |
| Revenues | 3,160 | 2,729 | 8,057 | 9,565 |
| OPERATING COSTS AND EXPENSES | ||||
| Owned, leased, and corporate housing-direct | 186 | 174 | 572 | 569 |
| Reimbursed costs | 2,562 | 2,210 | 6,415 | 7,720 |
| General, administrative, and other | 167 | 132 | 439 | 526 |
| Costs and Expenses, Total | 2,915 | 2,516 | 7,426 | 8,815 |
| OPERATING INCOME | 245 | 213 | 631 | 750 |
| Gains and other income | 1 | 36 | 43 | 14 |
| Interest expense | (28) | (29) | (96) | (88) |
| Interest income | 5 | 3 | 10 | 13 |
| Equity in losses | 0 | (1) | (10) | (2) |
| INCOME BEFORE INCOME TAXES | 223 | 222 | 578 | 687 |
| Provision for income taxes | (63) | (79) | (188) | (212) |
| NET INCOME | $ 160 | $ 143 | $ 390 | $ 475 |
| EARNINGS PER SHARE-Basic | ||||
| Earnings per share (in USD per share) | $ 0.53 | $ 0.45 | $ 1.19 | $ 1.55 |
| EARNINGS PER SHARE-Diluted | ||||
| Earnings per share (in USD per share) | $ 0.52 | $ 0.44 | $ 1.16 | $ 1.51 |
| CASH DIVIDENDS DECLARED PER SHARE (in USD per share) | $ 0.1700 | $ 0.1300 | $ 0.36 | $ 0.4700 |
| X | ||||||||||
|
- Definition
Amount, net of promotional allowances, of revenue from managing and operating hotels, including, but not limited to, revenue from occupancy, casino, food and beverage, and retail. Includes operating lease income. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
| Statement of Comprehensive Income [Abstract] | ||||
| Net income | $ 160 | $ 143 | $ 390 | $ 475 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | 11 | 5 | (1) | (2) |
| Other derivative instrument adjustments, net of tax | (6) | 0 | 1 | 0 |
| Unrealized gain (loss) on available-for-sale securities, net of tax | 0 | 0 | (1) | 4 |
| Reclassification of (gains) losses, net of tax | 0 | (1) | 0 | (7) |
| Total other comprehensive loss, net of tax | 5 | 4 | (1) | (5) |
| Comprehensive income | $ 165 | $ 147 | $ 389 | $ 470 |
| X | ||||||||||
|
- Definition
Reclassification adjustments No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
The non-cash component of income tax expense, less the tax benefit from exercise of stock options. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow from advancing money to others in the form of loans. No definition available.
|
| X | ||||||||||
|
- Definition
The net cash inflow (outflow) from issuing (borrowing) and repaying commercial paper or line of credit having initial term of repayment greater than one year or the normal operating cycle, if longer. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Basis of Presentation
|
9 Months Ended | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
||||||||||||||||||||||||||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||||||||||||||||||||||
| Basis of Presentation | Basis of Presentation The condensed consolidated financial statements present the results of operations, financial position, and cash flows of Marriott International, Inc. (“Marriott,” and together with its subsidiaries “we,” “us,” or the “Company”). In order to make this report easier to read, we refer throughout to (i) our Condensed Consolidated Financial Statements as our “Financial Statements,” (ii) our Condensed Consolidated Statements of Income as our “Income Statements,” (iii) our Condensed Consolidated Balance Sheets as our “Balance Sheets,” (iv) our properties, brands, or markets in the United States and Canada as “North America” or “North American,” and (v) our properties, brands, or markets outside of the United States and Canada as “international.” In addition, references throughout to numbered "Footnotes" refer to the numbered Notes in these Notes to Condensed Consolidated Financial Statements, unless otherwise noted. These condensed consolidated Financial Statements have not been audited. We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Although we believe our disclosures are adequate to make the information presented not misleading, you should read the financial statements in this report in conjunction with the consolidated financial statements and notes to those financial statements in our Annual Report on Form 10-K for the fiscal year ended December 28, 2012 (“2012 Form 10-K”). Certain terms not otherwise defined in this Form 10-Q have the meanings specified in our 2012 Form 10-K. Preparation of financial statements that conform 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. Beginning with our 2013 fiscal year, we changed our financial reporting cycle to a calendar year-end reporting cycle and an end-of-month quarterly reporting cycle. Accordingly, our 2013 fiscal year began on December 29, 2012 (the day after the end of the 2012 fiscal year) and will end on December 31, 2013, and our 2013 quarters include the three month periods ended March 31, June 30, September 30, and December 31, except that the period ended March 31, 2013 also included December 29, 2012 through December 31, 2012. Our future fiscal years will begin on January 1 and end on December 31. Historically, our fiscal year was a 52-53 week fiscal year that ended on the Friday nearest to December 31, and our quarterly reporting cycle included twelve week periods for the first, second, and third quarters and a sixteen week period (or in some cases a seventeen week period) for the fourth quarter. We have not restated and do not plan to restate historical results. The table below shows the reporting periods as we refer to them in this report, their date ranges, and the number of days in each:
As a result of the change in our calendar, our 2013 third quarter had 8 more days of activity than our 2012 third quarter, and our 2013 first three quarters had 24 more days of activity than our 2012 first three quarters. Compared to the corresponding periods in 2012, our 2013 full fiscal year will have 4 more days and our 2013 fourth quarter will have 20 fewer days. In our opinion, our Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position as of September 30, 2013, and December 28, 2012, the results of our operations for the 92 days and 276 days ended September 30, 2013, and 84 days and 252 days ended September 7, 2012, and cash flows for the 276 days ended September 30, 2013, and 252 days ended September 7, 2012. 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. |
|||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
New Accounting Standards
|
9 Months Ended |
|---|---|
|
Sep. 30, 2013
|
|
| New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
| New Accounting Standards | New Accounting Standards Accounting Standards Update No. 2013-02 - “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU No. 2013-02”) ASU No. 2013-02, which we adopted in our 2013 first quarter, amends existing guidance by requiring disclosure of the changes in the components of accumulated other comprehensive income for the current period and additional information about items reclassified out of accumulated other comprehensive income. Our adoption of this update required additional disclosures but did not have a material impact on our Financial Statements. Please see Footnote No. 10, "Comprehensive Income and Capital Structure" for those additional disclosures. Future Adoption of Accounting Standards Accounting Standards Update No. 2013-11 - “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU No. 2013-11”) ASU No. 2013-11 provides financial statement presentation guidance on whether an unrecognized tax benefit must be presented as either a reduction to a deferred tax asset or separately as a liability. ASU No. 2013-11 will be effective for interim or annual periods beginning after December 15, 2013, which for us will be our 2014 first quarter. We do not believe the adoption of this update will have a material impact on our financial statements. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Income Taxes
|
9 Months Ended |
|---|---|
|
Sep. 30, 2013
|
|
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes We file income tax returns, including returns for our subsidiaries, in various jurisdictions around the world. The Internal Revenue Service ("IRS") has examined our federal income tax returns, and we have settled all issues for tax years through 2009. We participated in the IRS Compliance Assurance Program ("CAP"), which accelerates IRS examination of key transactions with the goal of resolving any issues before the taxpayer files its return, for the 2010 through 2013 tax years. For the 2010 and 2011 tax years, all but one issue, which we are appealing, have been resolved, including all matters that could affect the Company's cash tax benefits related to our spin-off in 2011 of our timeshare operations and timeshare development business. The audit for the 2012 tax year is substantially complete, and we expect that, with the exception of one issue which we will appeal, all issues will be resolved. The audit for the 2013 tax year is currently ongoing. Various foreign, state, and local income tax returns are also under examination by the applicable taxing authorities. At the end of the 2013 third quarter, our unrecognized tax benefits balance was $29 million, unchanged from the end of the 2013 second quarter and year-end 2012. The unrecognized tax benefits balance included $13 million of tax positions that, if recognized, would impact our effective tax rate. As a large taxpayer, the IRS and other taxing authorities continually audit us. We anticipate resolving an international issue which arose in 2011 related to financing activity during the next 12 months for which we have an unrecognized tax benefit of $5 million. On January 2, 2013, the American Taxpayer Relief Act of 2012 (the "Act") was signed into law. Some of the provisions contained in the Act were retroactive, and we recognized a $3 million benefit in the 2013 first three quarters related to the Act. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Share-Based Compensation
|
9 Months Ended | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||
| Share-Based Compensation | Share-Based Compensation Under our Stock and Cash Incentive Plan (the “Stock Plan”), we award: (1) stock options (our "Stock Option Program") to purchase our Class A Common Stock (our “common stock”); (2) stock appreciation rights (“SARs”) for our common stock (our “SAR Program”); (3) restricted stock units (“RSUs”) of our common stock; and (4) deferred stock units. We grant awards at exercise prices or strike prices that equal the market price of our common stock on the date of grant. We recorded share-based compensation expense for award grants of $22 million for the 2013 third quarter, $19 million for the 2012 third quarter, $69 million for the 2013 first three quarters, and $57 million for the 2012 first three quarters. Deferred compensation costs related to unvested awards totaled $137 million at September 30, 2013 and $122 million at December 28, 2012. RSUs We granted 2.5 million RSUs during the 2013 first three quarters to certain officers and key employees, and those units vest generally over four years in equal annual installments commencing one year after the grant date. We also granted 0.2 million service and performance RSUs ("S&P RSUs") during the 2013 first three quarters to certain named executive officers. In addition to generally being subject to pro-rata annual vesting conditioned on continued service consistent with the standard form of RSU, these S&P RSUs are also subject to the satisfaction of a performance condition, expressed as an EBITDA goal. RSUs, including S&P RSUs, granted in the 2013 first three quarters had a weighted average grant-date fair value of $37. SARs and Stock Options We granted 0.7 million SARs and 0.1 million stock options to officers, key employees, and directors during the 2013 first three quarters. These SARs and options generally expire ten years after the grant date and both vest and may be exercised in cumulative installments of one quarter at the end of each of the first four years following the grant date. The weighted average grant-date fair value of SARs granted in the 2013 first three quarters was $13 and the weighted average exercise price was $39. The weighted average grant-date fair value of stock options granted in the 2013 first three quarters was $13 and the weighted average exercise price was $39. On the grant date, we use a binomial lattice-based valuation model to estimate the fair value of each SAR and option granted. This valuation model uses a range of possible stock price outcomes over the term of the SAR and option, discounted back to a present value using a risk-free rate. Because of the limitations with closed-form valuation models, such as the Black-Scholes model, we have determined that this more flexible binomial model provides a better estimate of the fair value of our options and SARs because it takes into account employee and non-employee director exercise behavior based on changes in the price of our stock and also allows us to use other dynamic assumptions. We used the following assumptions to determine the fair value of the SARs and stock options we granted during the 2013 first three quarters:
In making these assumptions, we base expected volatility on the historical movement of Marriott's stock price. We base risk-free rates on the corresponding U.S. Treasury spot rates for the expected duration at the date of grant, which we convert to a continuously compounded rate. The dividend yield assumption takes into consideration both historical levels and expectations of future payout. The weighted average expected terms for SARs and options are an output of our valuation model which utilizes historical data in estimating the period of time that the SARs and options are expected to remain unexercised. We calculate the expected terms for SARs and options for separate groups of retirement eligible and non-retirement eligible employees. Our valuation model also uses historical data to estimate exercise behaviors, which includes determining the likelihood that employees will exercise their SARs and options before expiration at a certain multiple of stock price to exercise price. In recent years, non-employee directors have generally exercised grants in their last year of exercisability. Other Information As of the end of the 2013 third quarter, we had reserved 34 million shares under the Stock Plan, including 13 million shares under the Stock Option Program and the SAR Program. |
||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Fair Value of Financial Instruments
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments | Fair Value of Financial Instruments We believe that the fair values of our current assets and current liabilities approximate their reported carrying amounts. We show the carrying values and the fair values of noncurrent financial assets and liabilities that qualify as financial instruments, determined under current guidance for disclosures on the fair value of financial instruments, in the following table:
We estimate the fair value of our cost method investments by applying a cap rate to stabilized earnings (a market approach using Level 3 inputs). During the 2012 third quarter, we determined that a cost method investment was other-than-temporarily impaired and, accordingly, we recorded the investment at its fair value as of the end of the 2012 third quarter ($12 million) and reflected a $7 million loss in the "Gains and other income" caption of our Income Statement. We estimated the fair value of the investment using cash flow projections discounted at risk premiums commensurate with market conditions. We used Level 3 inputs for these discounted cash flow analyses and our assumptions included revenue forecasts, cash flow projections, and timing of the sale of each hotel in the underlying investment. We estimate the fair value of our senior, mezzanine, and other loans, including the current portion, by discounting cash flows using risk-adjusted rates, both of which are Level 3 inputs. We are required to carry our marketable securities at fair value. Our marketable securities include debt securities of the U.S. Government, its sponsored agencies and other U.S. corporations invested for our self-insurance programs, as well as shares of a publicly traded company, which we value using directly observable Level 1 inputs. The carrying value of these marketable securities at the end of our 2013 third quarter was $38 million. In the 2013 second quarter, we acquired a $65 million mandatorily redeemable preferred equity ownership interest in an entity that owns three hotels that we manage. We account for this investment as a debt security (with an amortized cost of $68 million at the end of the 2013 third quarter, including accrued interest income), and we included it in the "Marketable securities and other debt securities" caption in the preceding table. We estimated the $68 million fair value of this debt security by discounting cash flows using risk-adjusted rates, both of which are Level 3 inputs. The debt security matures in 2015 subject to annual extensions through 2018. We do not intend to sell the debt security and it is not more likely than not that we will be required to sell the investment before recovery of the amortized cost basis, which may be maturity. In the 2013 second quarter, we received $22 million in net cash proceeds for the sale of a portion of our shares of a publicly traded company (with an amortized cost of $14 million at the date of sale) and recognized an $8 million gain in the "Gains and other income" caption of our Income Statements. This gain included recognition of unrealized gains that we recorded in other comprehensive income as of the end of the 2013 first quarter. See Footnote No. 10, "Comprehensive Income and Capital Structure" for additional information on the reclassification of these unrealized gains from accumulated other comprehensive income. We estimate the fair value of our other long-term debt, including the current portion and excluding leases, using expected future payments discounted at risk-adjusted rates, both of which are Level 3 inputs. We determine the fair value of our senior notes using quoted market prices, which are directly observable Level 1 inputs. As noted in Footnote No. 9, "Long-term Debt," even though our commercial paper borrowings generally have short-term maturities of 30 days or less, we classify outstanding commercial paper borrowings as long-term based on our ability and intent to refinance them on a long-term basis. As we are a frequent issuer of commercial paper, we use pricing from recent transactions as Level 2 inputs in estimating fair value. At the end of the 2013 third quarter and year-end 2012, we determined that the carrying value of our commercial paper approximated its fair value due to the short maturity. Our other long-term liabilities largely consist of guarantees. As noted in Footnote No. 11, "Contingencies," we measure our liability for guarantees at fair value on a nonrecurring basis, that is when we issue or modify a guarantee, using Level 3 internally developed inputs. At the end of the 2013 third quarter and year-end 2012, we determined that the carrying values of our guarantee liabilities approximated their fair values based on Level 3 inputs. See the “Fair Value Measurements” caption of Footnote No. 1, “Summary of Significant Accounting Policies” of our 2012 Form 10-K for more information on the input levels we use in determining fair value. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Earnings Per Share
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share | Earnings Per Share The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share:
We compute the effect of dilutive securities using the treasury stock method and average market prices during the period. We determine dilution based on earnings. Pursuant to the applicable accounting guidance for calculating earnings per share, we have not included the following stock options and SARs in our calculation of diluted earnings per share because the exercise prices were greater than the average market prices for the applicable periods:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Property and Equipment
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment | Property and Equipment The following table shows the composition of our property and equipment balances at the end of the 2013 third quarter and year-end 2012:
The following table shows the composition of these property and equipment balances that we recorded as capital leases:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Notes Receivable
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Receivable | Notes Receivable The following table shows the composition of our notes receivable balances (net of reserves and unamortized discounts) at the end of the 2013 third quarter and year-end 2012:
The following table shows the expected future principal payments (net of reserves and unamortized discounts) as well as interest rates for our notes receivable as of the end of the 2013 third quarter:
The following table shows the unamortized discounts for our notes receivable at the end of the 2013 third quarter and year-end 2012:
At the end of the 2013 third quarter, our recorded investment in impaired “Senior, mezzanine, and other loans” was $102 million, and we had a $92 million notes receivable reserve representing an allowance for credit losses, leaving $10 million of our investment in impaired loans, for which we had no related allowance for credit losses. At year-end 2012, our recorded investment in impaired “Senior, mezzanine, and other loans” was $93 million, and we had a $79 million notes receivable reserve representing an allowance for credit losses, leaving $14 million of our investment in impaired loans, for which we had no related allowance for credit losses. Our average investment in impaired “Senior, mezzanine, and other loans” totaled $104 million for the 2013 third quarter, $98 million for the 2013 first three quarters, $101 million for the 2012 third quarter, and $99 million for the 2012 first three quarters. The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for the 2013 first three quarters:
We do not have any past due senior, mezzanine, and other loans as of the end of the 2013 third quarter. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Long-term Debt
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term Debt | Long-term Debt We provide detail on our long-term debt balances in the following table as of the end of the 2013 third quarter and year-end 2012:
All of our long-term debt was, and to the extent currently outstanding is, recourse to us but unsecured. Other debt in the preceding table includes capital leases, among other items. In the 2013 first quarter, we made a $411 million cash payment of principal and interest to retire, at maturity, all of our outstanding Series J Notes. In the 2013 third quarter, we amended and restated our multicurrency revolving credit agreement (the “Credit Facility”) to extend the facility's expiration from June 23, 2016 to July 18, 2018 and increase the facility size from $1,750 million to $2,000 million of aggregate effective borrowings. The material terms of the amended and restated Credit Facility are otherwise unchanged, and the facility continues to support general corporate needs, including working capital, capital expenditures, share repurchases, and letters of credit. The availability of the Credit Facility also supports our commercial paper program. Borrowings under the Credit Facility generally bear interest at LIBOR (the London Interbank Offered Rate) plus a spread, based on our public debt rating. We also pay quarterly fees on the Credit Facility at a rate based on our public debt rating. While any outstanding commercial paper borrowings and/or borrowings under our Credit Facility generally have short-term maturities, we classify the outstanding borrowings as long-term based on our ability and intent to refinance the outstanding borrowings on a long-term basis. See the “Cash Requirements and Our Credit Facilities” caption later in this report in the “Liquidity and Capital Resources” section for information on our available borrowing capacity at September 30, 2013. In the 2013 third quarter, we issued $350 million aggregate principal amount of 3.375 percent Series M Notes due 2020 (the "Series M Notes"). We received net proceeds of approximately $345 million from the offering, after deducting the underwriting discount and estimated expenses. We will pay interest on the Series M Notes on April 15 and October 15 of each year, commencing on April 15, 2014. The Notes will mature on October 15, 2020, and we may redeem them, in whole or in part, at our option, under the terms provided in the form of Note. We issued the Series M Notes under an indenture dated as of November 16, 1998 with The Bank of New York Mellon, as successor to JPMorgan Chase Bank, N.A. (formerly known as The Chase Manhattan Bank), as trustee. We show future principal payments for our debt as of the end of the 2013 third quarter in the following table:
We paid cash for interest, net of amounts capitalized, of $58 million in the 2013 first three quarters and $62 million in the 2012 first three quarters. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Comprehensive Income and Capital Structure
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Comprehensive Income and Capital Structure | Comprehensive Income and Capital Structure The following table details the accumulated other comprehensive income (loss) activity for the 2013 first three quarters:
The following table details the effect on net income of significant amounts reclassified out of accumulated other comprehensive loss for the 2013 first three quarters:
The following table details the changes in common shares outstanding and shareholders’ deficit for the 2013 first three quarters:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Contingencies
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contingencies | Contingencies Guarantees We issue guarantees to certain lenders and hotel owners, chiefly to obtain long-term management contracts. The guarantees generally have a stated maximum funding amount and a term of four to ten years. The terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term. The terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of operating profit. Guarantee fundings to lenders and hotel owners are generally recoverable as loans repayable to us out of future hotel cash flows and/or proceeds from the sale of hotels. We also enter into project completion guarantees with certain lenders in conjunction with hotels that we or our joint venture partners are building. We measure and record our liability for the fair value of a guarantee on a nonrecurring basis, that is when we issue or modify a guarantee, using Level 3 internally developed inputs. We generally base our calculation of the estimated fair value of a guarantee on the income approach or the market approach, depending on the type of guarantee. For the income approach, we use internally developed discounted cash flow and Monte Carlo simulation models that include the following assumptions, among others: projections of revenues and expenses and related cash flows based on assumed growth rates and demand trends; historical volatility of projected performance; the guaranteed obligations; and applicable discount rates. We base these assumptions on our historical data and experience, industry projections, micro and macro general economic condition projections, and our expectations. For the market approach, we use internal analyses based primarily on market comparable data and our assumptions about market capitalization rates, credit spreads, growth rates, and inflation. We show the maximum potential amount of our future guarantee fundings and the carrying amount of our liability for guarantees for which we are the primary obligor at September 30, 2013 in the following table:
We included our liability at September 30, 2013 for guarantees for which we are the primary obligor in our Balance Sheet as follows: $3 million in “Other current liabilities” and $48 million in “Other long-term liabilities.” Our guarantees listed in the preceding table include $13 million of debt service guarantees, $5 million of operating profit guarantees, and $1 million of other guarantees that will not be in effect until the underlying properties open and we begin to operate the properties or certain other events occur. The preceding table does not include the following guarantees:
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 we note in the preceding paragraphs, as of September 30, 2013, we had the following commitments outstanding:
At September 30, 2013, we had $68 million of letters of credit outstanding ($67 million outside the Credit Facility and $1 million under our Credit Facility), the majority of which were for our self-insurance programs. Surety bonds issued as of September 30, 2013, totaled $121 million, the majority of which federal, state and local governments requested in connection with our self-insurance programs. Legal Proceedings On January 19, 2010, several former Marriott employees (the "plaintiffs") filed a putative class action complaint against us and the Stock Plan (the "defendants"), alleging that certain equity awards of deferred bonus stock granted to the plaintiffs and other current and former employees for fiscal years 1963 through 1989 are subject to vesting requirements under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), that are in certain circumstances more rapid than those set forth in the awards. The plaintiffs seek damages, class attorneys' fees and interest, with no amounts specified. The action is proceeding in the United States District Court for the District of Maryland (Greenbelt Division) and Dennis Walter Bond Sr. and Michael P. Steigman are the current named plaintiffs. The parties completed limited discovery concerning the issues of statute of limitations and class certification. We opposed Plaintiffs' motion for class certification in October 2012, and we filed a motion for summary judgment on the issue of statute of limitations in December 2012. A hearing on both issues was held on June 7, 2013, after which we submitted a post-hearing supplemental brief and plaintiffs responded. On August 9, 2013, the court denied our motion for summary judgment on the issue of statute of limitations and deferred its ruling on class certification. We moved to amend the court's judgment on our motion for summary judgment in order to certify an interlocutory appeal, which was denied. We and the Stock Plan have denied all liability, and while we intend to vigorously defend against the claims being made by the plaintiffs, we can give you no assurance about the outcome of this lawsuit. We currently cannot estimate the range of any possible loss to the Company because an amount of damages is not claimed, there is uncertainty as to whether a class will be certified and if so as to the size of the class, and the possibility of our prevailing on our statute of limitations defense on appeal may significantly limit any claims for damages. In March 2012, the Korea Fair Trade Commission ("KFTC") obtained documents from two of our managed hotels in Seoul, Korea in connection with an investigation which we believe is focused on pricing of hotel services within the Seoul region. Since then, the KFTC has conducted additional fact-gathering at those two hotels and also has collected information from another Marriott managed hotel located in Seoul. We understand that the KFTC also has sought documents from numerous other hotels in Seoul and other parts of Korea that we do not operate, own or franchise. We have not yet received a complaint or other legal process. We are cooperating with this investigation. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Business Segments
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Segments | Business Segments We are a diversified lodging company with operations in four business segments:
We evaluate the performance of our segments based largely on the results of the segment without allocating corporate expenses, income taxes, or indirect general, administrative, and other expenses. We allocate gains and losses, equity in earnings or losses from our joint ventures, and divisional general, administrative, and other expenses to each of our segments. “Other unallocated corporate” represents that portion of our revenues, general, administrative, and other expenses, equity in earnings or losses, and other gains or losses that we do not allocate to our segments. "Other unallocated corporate" includes license fees we receive from our credit card programs and license fees from MVW. We aggregate the brands presented within our segments considering their similar economic characteristics, types of customers, distribution channels, the regulatory business environments and operations within each segment and our organizational and management reporting structure. Revenues
Net Income (Loss)
Equity in Losses of Equity Method Investees
Assets
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Acquisitions and Dispositions
|
9 Months Ended | ||||
|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||
| Acquisitions and Dispositions [Abstract] | |||||
| Acquisitions and Dispositions |
2013 Completed Acquisitions In the 2013 third quarter, we paid a cash deposit of $5 million toward the acquisition of a managed property we plan to renovate. After the 2013 third quarter, we acquired that property for an additional $110 million in cash. 2013 Planned Dispositions On July 30, 2013, we entered into a non-binding letter of intent ("LOI") to sell the London, Miami and New York EDITION-branded hotels for approximately $800 million. If the transaction goes forward, we expect the sale of the London EDITION to occur in the 2013 fourth quarter and the sale of the Miami EDITION and New York EDITION to occur after construction is complete, with the company retaining long-term management agreements for each hotel. The London EDITION opened on September 12, 2013, and we subsequently reclassified the related $232 million in Luxury segment assets ($225 million in property and equipment and $7 million in current assets) to the "Assets held for sale" caption and $9 million in Luxury segment liabilities to liabilities held for sale within the "Other current liabilities" caption of the Balance Sheet as of the end of the 2013 third quarter. We did not recognize a gain or loss in the 2013 third quarter as a result of this reclassification. We did not reclassify the Miami EDITION or the New York EDITION assets and liabilities as held for sale because the hotels are under construction and not available for immediate sale in their present condition. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element is used to capture disclosure pertaining to significant acquisitions and disposals. No definition available.
|
|
Variable Interest Entities
|
9 Months Ended |
|---|---|
|
Sep. 30, 2013
|
|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Variable Interest Entities | Variable Interest Entities Under 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 analysis to determine if we must consolidate a variable interest entity as its primary beneficiary. In the 2013 second quarter, we purchased a $65 million mandatorily redeemable preferred equity ownership interest in an entity that owns three hotels, which we also manage. Please see Footnote No. 5, "Fair Value of Financial Instruments" for further information on the purchase and Footnote No. 11, "Contingencies" for information on the commitment we entered into as part of this transaction. Based on qualitative and quantitative analyses, we concluded that the entity in which we invested is a variable interest entity because it is capitalized primarily with debt. We did not consolidate the entity because we do not have the power to direct the activities that most significantly impact the entity's economic performance. Inclusive of our contingent future funding commitment, our maximum exposure to loss at the end of the 2013 third quarter is $78 million. In conjunction with the transaction with CTF that we describe more fully in our Annual Report on Form 10-K for 2007 in Footnote No. 8, “Acquisitions and Dispositions,” under the caption “2005 Acquisitions,” we manage hotels on behalf of tenant entities that are 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 September 30, 2013, we managed four hotels on behalf of three tenant entities. The entities have minimal equity and minimal assets, consisting of hotel working capital and furniture, fixtures, and equipment. As part of the 2005 transaction, CTF placed money in a trust account to cover cash flow shortfalls and to meet rent payments. In turn, we released CTF from its guarantees fully for two of these properties and partially for the other two properties. The trust account was fully depleted prior to year-end 2011. The tenant entities are variable interest entities because the holder of the equity investment at risk, CTF, lacks the ability through voting rights to make key decisions about the entities’ activities that have a significant effect on the success of the entities. We do not consolidate the entities because we do not have the power to direct the activities that most significantly impact the entities' economic performance. We are liable for rent payments (totaling $6 million) for two of the four hotels if there are cash flow shortfalls, and these two hotels have lease terms of less than one year. In addition, as of the end of the 2013 third quarter we are liable for rent payments of up to an aggregate cap of $6 million for the two 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. |
| X | ||||||||||
|
- Definition
Disclosure of variable interest entities (VIE), including, but not limited to the nature, purpose, size, and activities of the VIE, the carrying amount and classification of consolidated assets that are collateral for the VIE's obligations, lack of recourse if creditors (or beneficial interest holders) of a consolidated VIE have no recourse to the general credit of the primary beneficiary. An enterprise that holds a significant variable interest in a VIE but is not the primary beneficiary may disclose the nature of its involvement with the VIE and when that involvement began, the nature, purpose, size, and activities of the VIE and the enterprise's maximum exposure to loss as a result of its involvement with the VIE. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Policies
|
9 Months Ended | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | ||||||||||||||||||||||||||||
| Fiscal Period | Beginning with our 2013 fiscal year, we changed our financial reporting cycle to a calendar year-end reporting cycle and an end-of-month quarterly reporting cycle. Accordingly, our 2013 fiscal year began on December 29, 2012 (the day after the end of the 2012 fiscal year) and will end on December 31, 2013, and our 2013 quarters include the three month periods ended March 31, June 30, September 30, and December 31, except that the period ended March 31, 2013 also included December 29, 2012 through December 31, 2012. Our future fiscal years will begin on January 1 and end on December 31. Historically, our fiscal year was a 52-53 week fiscal year that ended on the Friday nearest to December 31, and our quarterly reporting cycle included twelve week periods for the first, second, and third quarters and a sixteen week period (or in some cases a seventeen week period) for the fourth quarter. We have not restated and do not plan to restate historical results. The table below shows the reporting periods as we refer to them in this report, their date ranges, and the number of days in each:
As a result of the change in our calendar, our 2013 third quarter had 8 more days of activity than our 2012 third quarter, and our 2013 first three quarters had 24 more days of activity than our 2012 first three quarters. Compared to the corresponding periods in 2012, our 2013 full fiscal year will have 4 more days and our 2013 fourth quarter will have 20 fewer days. |
|||||||||||||||||||||||||||
| New Accounting Pronouncements | New Accounting Standards Accounting Standards Update No. 2013-02 - “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU No. 2013-02”) ASU No. 2013-02, which we adopted in our 2013 first quarter, amends existing guidance by requiring disclosure of the changes in the components of accumulated other comprehensive income for the current period and additional information about items reclassified out of accumulated other comprehensive income. Our adoption of this update required additional disclosures but did not have a material impact on our Financial Statements. Please see Footnote No. 10, "Comprehensive Income and Capital Structure" for those additional disclosures. |
|||||||||||||||||||||||||||
| Earnings Per Share Dilutive Securities | We compute the effect of dilutive securities using the treasury stock method and average market prices during the period. We determine dilution based on earnings. |
|||||||||||||||||||||||||||
| Guarantees | We measure and record our liability for the fair value of a guarantee on a nonrecurring basis, that is when we issue or modify a guarantee, using Level 3 internally developed inputs. We generally base our calculation of the estimated fair value of a guarantee on the income approach or the market approach, depending on the type of guarantee. For the income approach, we use internally developed discounted cash flow and Monte Carlo simulation models that include the following assumptions, among others: projections of revenues and expenses and related cash flows based on assumed growth rates and demand trends; historical volatility of projected performance; the guaranteed obligations; and applicable discount rates. We base these assumptions on our historical data and experience, industry projections, micro and macro general economic condition projections, and our expectations. For the market approach, we use internal analyses based primarily on market comparable data and our assumptions about market capitalization rates, credit spreads, growth rates, and inflation. |
|||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Policy for computing the effect of dilutive securities. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Basis of Presentation (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
||||||||||||||||||||||||||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||||||||||||||||||||||
| Schedule of Reporting Period Information | The table below shows the reporting periods as we refer to them in this report, their date ranges, and the number of days in each:
|
|||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Schedule of Reporting Period Information [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
Share-Based Compensation (Tables)
|
9 Months Ended | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||
| Assumptions for Stock Options and SARs | We used the following assumptions to determine the fair value of the SARs and stock options we granted during the 2013 first three quarters:
|
||||||||||||||||||
| X | ||||||||||
|
- Definition
Schedule of Share-based Payment Award, Stock Options and Stock Appreciation Rights Award, Valuation Assumptions [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Details
|
|
Fair Value of Financial Instruments (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities | We show the carrying values and the fair values of noncurrent financial assets and liabilities that qualify as financial instruments, determined under current guidance for disclosures on the fair value of financial instruments, in the following table:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Earnings Per Share (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share | The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Property and Equipment (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Composition of our Property and Equipment Balances | The following table shows the composition of our property and equipment balances at the end of the 2013 third quarter and year-end 2012:
The following table shows the composition of these property and equipment balances that we recorded as capital leases:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Notes Receivable (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Composition of our Notes Receivable Balances (Net of Reserves and Unamortized Discounts) | The following table shows the composition of our notes receivable balances (net of reserves and unamortized discounts) at the end of the 2013 third quarter and year-end 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts) and Interest Rates | The following table shows the expected future principal payments (net of reserves and unamortized discounts) as well as interest rates for our notes receivable as of the end of the 2013 third quarter:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Receivable Unamortized Discounts | The following table shows the unamortized discounts for our notes receivable at the end of the 2013 third quarter and year-end 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Receivable Reserves | The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for the 2013 first three quarters:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Notes Receivable Balances Net Of Reserves [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
Notes Receivable Unamortized Discounts [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Long-term Debt (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | We provide detail on our long-term debt balances in the following table as of the end of the 2013 third quarter and year-end 2012:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Principal Payments (Net of Unamortized Discounts) | We show future principal payments for our debt as of the end of the 2013 third quarter in the following table:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Comprehensive Income and Capital Structure (Tables)
|
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accumulated Other Comprehensive Income (Loss) Activity | The following table details the accumulated other comprehensive income (loss) activity for the 2013 first three quarters:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reclassification out of Accumulated Other Comprehensive Income | The following table details the effect on net income of significant amounts reclassified out of accumulated other comprehensive loss for the 2013 first three quarters:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in Shareholders' Deficit | The following table details the changes in common shares outstanding and shareholders’ deficit for the 2013 first three quarters:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Contingencies (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Maximum Potential Amount of Future Fundings as the Primary Obligor for Guarantees and the Liability for Expected Future Fundings | We show the maximum potential amount of our future guarantee fundings and the carrying amount of our liability for guarantees for which we are the primary obligor at September 30, 2013 in the following table:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Business Segments (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenues | Revenues
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income (Loss) | Net Income (Loss)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity in Losses of Equity Method Investees | Equity in Losses of Equity Method Investees
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets | Assets
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Reconciliation of Equity in Income Loss from Equity Method Investees from Segments to Consolidated [Table Text Block] No definition available.
|
| X | ||||||||||
|
- Definition
This element may be used to capture the complete disclosure for the identification, description, and amounts of all significant reconciling items in the reconciliation of total income before income taxes, which includes equity method income or loss and gains and other income, from reportable segments, to the entity's net income attributable to the parent before extraordinary items, discontinued operations, and the cumulative effect of changes in accounting principles. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Basis of Presentation - Additional Information (Detail)
|
3 Months Ended | 9 Months Ended | 12 Months Ended | 4 Months Ended | 12 Months Ended | 4 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Jun. 15, 2012
|
Mar. 23, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
Dec. 28, 2012
|
Dec. 28, 2012
Lower Limit
|
Dec. 28, 2012
Lower Limit
|
Dec. 28, 2012
Upper Limit
|
Dec. 28, 2012
Upper Limit
|
Dec. 31, 2013
Scenario, Forecast
|
Dec. 31, 2013
Scenario, Forecast
|
|
| Significant Accounting Policies [Line Items] | |||||||||||||
| Duration of fiscal period | 92 days | 84 days | 84 days | 84 days | 252 days | 276 days | 364 days | 112 days | 364 days | 119 days | 371 days | 368 days | |
| Change in length of period from corresponding year-earlier period (increase in all periods except for fourth quarter) | 8 days | 24 days | 20 days | 4 days | |||||||||
| X | ||||||||||
|
- Definition
Fiscal Period, Change in Length of Period from Corresponding Year Earlier Period No definition available.
|
| X | ||||||||||
|
- Definition
Fiscal Period, Duration No definition available.
|
| X | ||||||||||
|
- Details
|
|
Income Taxes - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
|---|---|
|
Sep. 30, 2013
issue
|
|
| Income Taxes [Line Items] | |
| Number of unresolved issues related to IRS income tax examination for 2010 | 1 |
| Unrecognized tax benefits | $ 29 |
| Unrecognized tax benefits that, if recognized, would impact the effective tax rate | 13 |
| Income tax expense (benefit) recognized due to retroactive provisions in American Taxpayer Relief Act of 2012 | (3) |
|
International Issue Relating to Financing Activity
|
|
| Income Taxes [Line Items] | |
| Unrecognized tax benefits | $ 5 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Income Tax Examination, Number of Unresolved Issues No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average exercise price at grant for share-based awards issued during the period on other than stock option plans (for example, phantom stock plan, stock appreciation rights plan, performance target plan). No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Award Vesting and Becoming Exercisable Annually No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Assumptions for SARs and Stock Options Granted (Detail) (Stock Option Program and Stock Appreciation Right Program)
|
9 Months Ended |
|---|---|
|
Sep. 30, 2013
|
|
| Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | |
| Expected volatility, minimum | 30.00% |
| Expected volatility, maximum | 31.00% |
| Dividend yield | 1.17% |
| Risk-free rate, minimum | 1.80% |
| Risk-free rate, maximum | 1.90% |
|
Lower Limit
|
|
| Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | |
| Expected term (in years) | 8 years |
|
Upper Limit
|
|
| Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items] | |
| Expected term (in years) | 10 years |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Fair Value of Financial Instruments - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 3 Months Ended | ||
|---|---|---|---|---|---|---|
|
Jun. 30, 2013
|
Sep. 30, 2013
Fair Value, Inputs, Level 1
|
Sep. 30, 2013
Commercial Paper
|
Jun. 30, 2013
Mandatorily Redeemable Preferred Equity Ownership Interest
Debt Securities
hotel
|
Sep. 30, 2013
Mandatorily Redeemable Preferred Equity Ownership Interest
Debt Securities
|
Sep. 07, 2012
Single Investment Other Than Temporarily Impaired
Fair Value, Inputs, Level 3
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Fair value of one of our cost method investments | $ 12 | |||||
| Other than temporary impairment of one of our cost method investments | 7 | |||||
| Carrying value of our marketable securities | 38 | |||||
| Held-to-maturity securities | 65 | |||||
| Number of hotels | 3 | |||||
| Held-to-maturity securities, amortized cost basis | 68 | |||||
| Held-to-maturity securities, fair value | 68 | |||||
| Proceeds from sale of investment | 22 | |||||
| Amortized cost basis | 14 | |||||
| Realized gain from sale of investment | $ 8 | |||||
| Commercial paper, maturity term (generally 30 days or less) | 30 days |
| X | ||||||||||
|
- Definition
Held-to-maturity Securities, Number of Hotels Accounted for within Transaction No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
Total of all noncurrent financial instruments that are assets. No definition available.
|
| X | ||||||||||
|
- Definition
Total of all noncurrent financial instruments that are liabilities. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
| Computation of Basic Earnings Per Share | ||||
| Net income | $ 160 | $ 143 | $ 390 | $ 475 |
| Weighted average shares outstanding | 301.9 | 319.4 | 327.0 | 306.8 |
| Basic earnings per share (in USD per share) | $ 0.53 | $ 0.45 | $ 1.19 | $ 1.55 |
| Computation of Diluted Earnings Per Share | ||||
| Net income | $ 160 | $ 143 | $ 390 | $ 475 |
| Weighted average shares outstanding | 301.9 | 319.4 | 327.0 | 306.8 |
| Effect of dilutive securities | ||||
| Shares for diluted earnings per share | 309.5 | 329.3 | 337.5 | 314.8 |
| Diluted earnings per share (in USD per share) | $ 0.52 | $ 0.44 | $ 1.16 | $ 1.51 |
|
Employee stock option and SARs plans
|
||||
| Effect of dilutive securities | ||||
| Effect of dilutive securities | 3.8 | 6.0 | 6.5 | 4.1 |
|
Deferred stock incentive plans
|
||||
| Effect of dilutive securities | ||||
| Effect of dilutive securities | 0.8 | 0.8 | 0.9 | 0.8 |
|
Restricted stock units
|
||||
| Effect of dilutive securities | ||||
| Effect of dilutive securities | 3.0 | 3.1 | 3.1 | 3.1 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Earnings Per Share - Additional Information (Detail) (Stock Option Program and Stock Appreciation Right Program, AntiDilutive Due to Exercise Price Greater Than Market Price)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
|
Stock Option Program and Stock Appreciation Right Program | AntiDilutive Due to Exercise Price Greater Than Market Price
|
||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
| Securities not included in the calculation of diluted earnings per share (in shares) | 0.4 | 1.0 | 1.0 | 0.4 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Composition of our Notes Receivable Balances (Net of Reserves) (Detail) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 28, 2012
|
|---|---|---|
| Receivables [Abstract] | ||
| Senior, mezzanine, and other loans | $ 189 | $ 242 |
| Current notes receivable | (52) | (62) |
| Notes receivable, noncurrent | $ 137 | $ 180 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts) and Interest Rates (Detail) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 28, 2012
|
|---|---|---|
| Receivables [Abstract] | ||
| 2013 | $ 23 | |
| 2014 | 38 | |
| 2015 | 75 | |
| 2016 | 4 | |
| 2017 | 2 | |
| Thereafter | 47 | |
| Senior, mezzanine, and other loans | $ 189 | $ 242 |
| Weighted average interest rate at September 30, 2013 | 4.70% | |
| Range of stated interest rates at September 30, 2013, minimum | 0.00% | |
| Range of stated interest rates at September 30, 2013, maximum | 8.00% |
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable After Year Five No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Five No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Four No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Three No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable In Year Two No definition available.
|
| X | ||||||||||
|
- Definition
Future Principal Payments On Notes Receivable Within Year One No definition available.
|
| X | ||||||||||
|
- Definition
Upper limit of range of stated interest rates for total notes receivable as of the balance sheet date indicated. No definition available.
|
| X | ||||||||||
|
- Definition
Lower limit of range of stated interest rates for total notes receivable as of the balance sheet date indicated. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average interest rate for total notes receivable as of the balance sheet date indicated. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Notes Receivable Unamortized Discounts (Detail) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 28, 2012
|
|---|---|---|
| Receivables [Abstract] | ||
| Notes receivable, unamortized discounts, balance | $ 12 | $ 11 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Activity Related to "Senior, mezzanine, and other loans" Notes Receivable Reserve (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
|---|---|
|
Sep. 30, 2013
|
|
| Financing Receivable, Allowance for Credit Losses [Roll Forward] | |
| Beginning balance | $ 79 |
| Transfers and other | 13 |
| Ending balance | $ 92 |
| X | ||||||||||
|
- Definition
Financing receivable allowance for credit losses, other adjustments No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Notes Receivable - Additional Information (Detail) (USD $)
|
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
Dec. 28, 2012
|
|
| Receivables [Abstract] | |||||
| Investment in impaired loans | $ 102,000,000 | $ 102,000,000 | $ 93,000,000 | ||
| Notes receivable reserve representing an allowance for credit losses | 92,000,000 | 92,000,000 | 79,000,000 | ||
| Investment in impaired loans with no related allowance for credit losses | 10,000,000 | 10,000,000 | 14,000,000 | ||
| Average investment in impaired loans | 104,000,000 | 101,000,000 | 99,000,000 | 98,000,000 | |
| Notes receivable, past due | $ 0 | $ 0 | |||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Other Long-term Debt and Capital Lease Obligations No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Long-term Debt - Additional Information (Detail) (USD $)
|
9 Months Ended | 3 Months Ended | |||
|---|---|---|---|---|---|
|
Sep. 07, 2012
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
Series J, Matured February 15, 2013
|
Sep. 30, 2013
Series M Senior Notes 3.375% Due October 15, 2020
|
|
| Debt Instrument [Line Items] | |||||
| Payment made to retire debt at maturity | $ 411,000,000 | ||||
| Line of credit facility, maximum borrowing capacity | 2,000,000,000 | 1,750,000,000 | |||
| Senior Notes, face amount | 350,000,000 | ||||
| Debt instrument, stated interest rate | 3.375% | ||||
| Proceeds from debt, net of issuance costs | 345,000,000 | ||||
| Cash paid for interest, net of amounts capitalized | $ 62,000,000 | $ 58,000,000 | |||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Debt Principal Payments (Net of Unamortized Discounts) (Detail) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 28, 2012
|
|---|---|---|
| Debt Disclosure [Abstract] | ||
| 2013 | $ 2 | |
| 2014 | 52 | |
| 2015 | 318 | |
| 2016 | 297 | |
| 2017 | 301 | |
| Thereafter | 2,186 | |
| Long-term debt | $ 3,156 | $ 2,935 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Comprehensive Income and Capital Structure Accumulated Other Comprehensive Income Activity (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |||
|---|---|---|---|---|
|
Sep. 30, 2013
|
||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
| Balance at year-end 2012 | $ (44) | |||
| Other comprehensive (loss) income before reclassifications | 2 | [1] | ||
| Amounts reclassified from accumulated other comprehensive loss | (7) | |||
| Net other comprehensive loss | (5) | |||
| Balance at September 30, 2013 | (49) | |||
| Other comprehensive income (loss), before reclassifications, unrealized gains on available-for-sale securities, deferred tax | 3 | |||
|
Foreign Currency Translation Adjustments
|
||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
| Balance at year-end 2012 | (32) | |||
| Other comprehensive (loss) income before reclassifications | (2) | [1] | ||
| Amounts reclassified from accumulated other comprehensive loss | 0 | |||
| Net other comprehensive loss | (2) | |||
| Balance at September 30, 2013 | (34) | |||
|
Other Derivative Instrument Adjustments
|
||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
| Balance at year-end 2012 | (19) | |||
| Other comprehensive (loss) income before reclassifications | 0 | [1] | ||
| Amounts reclassified from accumulated other comprehensive loss | (1) | |||
| Net other comprehensive loss | (1) | |||
| Balance at September 30, 2013 | (20) | |||
|
Unrealized Gains on Available-For-Sale Securities
|
||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
| Balance at year-end 2012 | 7 | |||
| Other comprehensive (loss) income before reclassifications | 4 | [1] | ||
| Amounts reclassified from accumulated other comprehensive loss | (6) | |||
| Net other comprehensive loss | (2) | |||
| Balance at September 30, 2013 | $ 5 | |||
|
||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Reclassification out of Accumulated Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
| Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
| Gains and other income | $ 1 | $ 36 | $ 43 | $ 14 |
| Income before income taxes | 223 | 222 | 578 | 687 |
| Provision for income taxes | (63) | (79) | (188) | (212) |
| NET INCOME | 160 | 143 | 390 | 475 |
|
Amounts Reclassified from Accumulated Other Comprehensive Loss | Other derivative instrument adjustments
|
||||
| Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
| NET INCOME | 1 | |||
|
Amounts Reclassified from Accumulated Other Comprehensive Loss | Unrealized gains on available-for-sale securities
|
||||
| Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
| Gains and other income | 10 | |||
| Income before income taxes | 10 | |||
| Provision for income taxes | (4) | |||
| NET INCOME | $ 6 | |||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Changes in Shareholders' Deficit (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 9 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
Sep. 30, 2013
Class A Common Stock
|
Dec. 28, 2012
Class A Common Stock
|
Sep. 30, 2013
Additional Paid-in-Capital
|
Sep. 30, 2013
Retained Earnings
|
Sep. 30, 2013
Treasury Stock, at Cost
|
Sep. 30, 2013
Accumulated Other Comprehensive Loss
|
|
| (Increase) Decrease in Shareholders' Deficit [Roll Forward] | ||||||||||
| Balance at year-end 2012 | $ (1,285) | $ 5 | $ 5 | $ 2,585 | $ 3,509 | $ (7,340) | $ (44) | |||
| Balance at year-end 2012, shares | 310.9 | |||||||||
| Net income | 160 | 143 | 390 | 475 | 475 | |||||
| Other comprehensive loss | 5 | 4 | (1) | (5) | (5) | |||||
| Cash dividends ($0.4700 per share) | (144) | (144) | ||||||||
| Employee stock plan issuance | 179 | 85 | (77) | 171 | ||||||
| Employee stock plan issuance, shares | 5.1 | |||||||||
| Purchase of treasury stock | (629) | (629) | ||||||||
| Purchase of treasury stock, shares | (15.6) | |||||||||
| Balance at September 30, 2013 | $ (1,409) | $ (1,409) | $ 5 | $ 5 | $ 2,670 | $ 3,763 | $ (7,798) | $ (49) | ||
| Balance at September 30, 2013, shares | 300.4 | 300.4 | ||||||||
| Cash dividends, per share | $ 0.4700 | |||||||||
| X | ||||||||||
|
- Definition
Number of shares issued during the period as a result employee stock and cash incentive plans. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate value of stock issued during the period as a result of employee stock and cash incentive plan. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Contingencies - Guarantees (Details)
In Millions, unless otherwise specified |
3 Months Ended | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2013
Lease Obligations and Debt Securities Payable
USD ($)
|
Sep. 30, 2013
Property Lease Guarantee
ExecuStay
USD ($)
|
Sep. 30, 2013
Primary Obligor
USD ($)
|
Sep. 30, 2013
Primary Obligor
Debt service
USD ($)
|
Sep. 30, 2013
Primary Obligor
Operating profit
USD ($)
|
Sep. 30, 2013
Primary Obligor
Not Yet In Effect Condition
Debt service
USD ($)
|
Sep. 30, 2013
Primary Obligor
Not Yet In Effect Condition
Operating profit
USD ($)
|
Sep. 30, 2013
Primary Obligor
Not Yet In Effect Condition
Other guarantees
USD ($)
|
Sep. 30, 2013
Secondarily Liable
USD ($)
|
Mar. 31, 2013
Secondarily Liable
Sunrise Senior Living Inc
USD ($)
|
Dec. 30, 2011
Secondarily Liable
Sunrise Senior Living Inc
USD ($)
|
Sep. 30, 2013
Secondarily Liable
MVW Spin-off
USD ($)
|
Sep. 30, 2013
Secondarily Liable
MVW Spin-off
Expiration in 2013
USD ($)
|
Sep. 30, 2013
Secondarily Liable
MVW Spin-off
Expiration in 2014
USD ($)
|
Sep. 30, 2013
Secondarily Liable
MVW Spin-off
Expiration in 2020
USD ($)
|
Sep. 30, 2013
Secondarily Liable
MVW Spin-off
Expiration in 2022
USD ($)
|
Sep. 30, 2013
Secondarily Liable
MVW Spin-off
Expiration in 2022
SGD
|
Sep. 30, 2013
Secondarily Liable
Property Lease Guarantee
Sunrise Senior Living Inc
USD ($)
|
Dec. 30, 2011
Secondarily Liable
Property Lease Guarantee
Sunrise Senior Living Inc
USD ($)
|
Dec. 30, 2011
Secondarily Liable
Property Lease Guarantee
Sunrise Senior Living Inc
Key Bank
Letter of Credit
USD ($)
|
Sep. 30, 2013
Secondarily Liable
Property Lease Guarantee
Renaissance Hotel Group N.V.
USD ($)
|
Sep. 30, 2013
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 (€)
|
Sep. 30, 2013
Secondarily Liable
Property Lease Guarantee
Accenture
USD ($)
lease
|
Sep. 30, 2013
Secondarily Liable
Debt Securities Payable
USD ($)
|
Sep. 30, 2013
Secondarily Liable
Debt Securities Payable
Sunrise Senior Living Inc
USD ($)
|
Sep. 30, 2013
Secondarily Liable
Debt Securities Payable
CNL Retirement Properties Inc
USD ($)
|
Sep. 30, 2013
Secondarily Liable
Debt Securities Payable
Five Star Senior Living
USD ($)
|
Sep. 30, 2013
Secondarily Liable
Lease is Terminated by End of 2013
Property Lease Guarantee
ExecuStay
USD ($)
|
Sep. 30, 2013
Secondarily Liable
Lease is Terminated After End of 2013
Property Lease Guarantee
ExecuStay
USD ($)
|
Sep. 30, 2013
Other Current Liabilities
Primary Obligor
USD ($)
|
Sep. 30, 2013
Other Long Term Liabilities
Primary Obligor
USD ($)
|
|
| Commitments and Contingencies Disclosure [Line Items] | |||||||||||||||||||||||||||||||||
| Funding guarantees, minimum term | 4 years | ||||||||||||||||||||||||||||||||
| Funding guarantees, maximum term | 10 years | ||||||||||||||||||||||||||||||||
| Liability for guarantees | $ 51 | $ 6 | $ 44 | $ 3 | $ 48 | ||||||||||||||||||||||||||||
| Maximum potential amount of future fundings | 197 | 76 | 105 | 13 | 5 | 1 | 106 | 22 | 1 | 5 | 3 | 13 | 17 | 78 | 28 | 4 | 23 | 1 | 11 | 6 | |||||||||||||
| Guarantee obligations, carrying value | 3 | 1 | 2 | ||||||||||||||||||||||||||||||
| Number of leases | 2 | ||||||||||||||||||||||||||||||||
| Cash collateral in the event funding is required | 3 | ||||||||||||||||||||||||||||||||
| Length of operating lease extension | 5 years | ||||||||||||||||||||||||||||||||
| Cash collateralized for lease guarantee for period from 2014 until 2018 | 1 | ||||||||||||||||||||||||||||||||
| Letter of credit provided by Sunrise, amount available | 85 | ||||||||||||||||||||||||||||||||
| Collateral for continuing lease obligation contingency, future minimum annual payments due from 2014 until 2018 | 1 | ||||||||||||||||||||||||||||||||
| Additional cash collateralized during the period for guarantee obligations | 2 | ||||||||||||||||||||||||||||||||
| Annual rent payments, approximately | 6 | ||||||||||||||||||||||||||||||||
| Remaining rent payments, approximately | 36 | 7 | |||||||||||||||||||||||||||||||
| Guarantee obligations, cash collateralized | $ 5 | € 4 | € 35 | ||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Additional Cash Collateralized During the Period for Guarantee Obligations No definition available.
|
| X | ||||||||||
|
- Definition
Cash Collateralized for Guarantee Obligations in Effect After Two Years and Within Seven Years No definition available.
|
| X | ||||||||||
|
- Definition
Cash Collateralized for Guarantee Obligations Within Two Years No definition available.
|
| X | ||||||||||
|
- Definition
Collateral for Continuing Lease Obligation Contingency, Future Minimum Payments Due, Annual Amount for Period After One Year and Within Six Years No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Funding Guarantees, Maximum Term No definition available.
|
| X | ||||||||||
|
- Definition
Funding Guarantees, Minimum Term No definition available.
|
| X | ||||||||||
|
- Definition
The carrying amount of the liability for expected future funding as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of cash collateral as of the balance sheet date that CTF Holdings Ltd. made available in the event that Marriott is required to fund under these guarantees. No definition available.
|
| X | ||||||||||
|
- Definition
Line of Credit Facility Provided by Third Party, Current Borrowing Capacity for Period After Two Years and Within Seven Years No definition available.
|
| X | ||||||||||
|
- Definition
Operating Lease Extension, Term No definition available.
|
| X | ||||||||||
|
- Definition
Operating Leases, Number of Leases No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Contingencies - Commitments and Letters of Credit (Detail)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
USD ($)
|
Mar. 31, 2013
EUR (€)
|
Sep. 30, 2013
USD ($)
|
Sep. 30, 2013
Line of Credit Facility
USD ($)
|
Sep. 30, 2013
Outside Effective Credit Facility
USD ($)
|
Sep. 30, 2013
Real Estate Investment
USD ($)
|
Sep. 30, 2013
Real Estate Investment
EUR (€)
|
Sep. 30, 2013
Real Estate Investment
Upper Limit
USD ($)
|
Sep. 30, 2013
Information Technology Hardware, Software, Accounting, Finance, and Maintenance Services
USD ($)
|
Sep. 30, 2013
Renovation of Leased Hotel
USD ($)
|
Sep. 30, 2013
Investment in Other Joint Venture Commitment
Group 4
Entity
|
Sep. 30, 2013
Investment in Other Joint Venture Commitment
Group 4
Entity
|
Dec. 28, 2012
Investment in Other Joint Venture Commitment
Group 4
USD ($)
|
Dec. 28, 2012
Investment in Other Joint Venture Commitment
Group 4
EUR (€)
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 4
USD ($)
|
Dec. 30, 2011
Investment in Other Joint Venture Commitment
Group 4
EUR (€)
|
Sep. 30, 2013
Commitments
USD ($)
|
Sep. 30, 2013
Lodging Property
USD ($)
|
Sep. 30, 2013
Full Service and Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
USD ($)
|
Sep. 30, 2013
Full Service and Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Upper Limit
USD ($)
|
Sep. 30, 2013
Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
USD ($)
|
Sep. 30, 2013
Limited Service
Equity Investment for Non Controlling Interest in Partnership Commitment
Upper Limit
USD ($)
|
Jun. 30, 2013
Debt Securities
Mandatorily Redeemable Preferred Equity Ownership Interest
hotel
|
Sep. 30, 2013
Debt Securities
Mandatorily Redeemable Preferred Equity Ownership Interest
USD ($)
|
|
| Commitments and Contingencies Disclosure [Line Items] | ||||||||||||||||||||||||
| Investment commitments | $ 10 | $ 23 | $ 10 | |||||||||||||||||||||
| Investment commitments expected to be funded by 2015 | 20 | 9 | 23 | |||||||||||||||||||||
| Investment commitments expected to be funded in 2013 | 11 | 2 | ||||||||||||||||||||||
| Investment commitments expected to be funded in 2014 | 8 | 7 | 13 | |||||||||||||||||||||
| Investment commitments expected to be funded in 2015 | 3 | 2 | 8 | |||||||||||||||||||||
| Investment commitments not expected to be funded | 34 | 1 | ||||||||||||||||||||||
| Acquisition interests in joint ventures | 45.00% | 45.00% | ||||||||||||||||||||||
| Number of new joint ventures | 2 | 2 | ||||||||||||||||||||||
| Ownership interest purchase contingency, term | 8 years | 8 years | ||||||||||||||||||||||
| Deposits in conjunction with contingent obligation to acquire the interest in joint ventures | 8 | 6 | 12 | 9 | ||||||||||||||||||||
| Percentage ownership interest acquired from joint venture partner | 5.00% | 5.00% | ||||||||||||||||||||||
| Amount of deposit used for contingent joint venture interest acquisition | 5 | 4 | ||||||||||||||||||||||
| Number of years to acquire remaining interest | 1 year | 1 year | ||||||||||||||||||||||
| Purchase commitments | 116 | |||||||||||||||||||||||
| Purchase commitments expected to be funded in 2013 | 33 | |||||||||||||||||||||||
| Purchase commitments expected to be funded in 2014 | 45 | 33 | 53 | |||||||||||||||||||||
| Purchase commitments expected to be funded in 2015 | 17 | |||||||||||||||||||||||
| Purchase commitments expected to be funded in 2016 | 13 | |||||||||||||||||||||||
| Number of hotels included in investment commitments | 3 | |||||||||||||||||||||||
| Loan commitment, amount | 5 | |||||||||||||||||||||||
| Loan commitment, amount funded | 1 | |||||||||||||||||||||||
| Loan commitment, amount expected to be funded in the remainder of 2013 | 3 | |||||||||||||||||||||||
| Loan commitment, amount not expected to be funded | 1 | |||||||||||||||||||||||
| Letters of credit outstanding | 68 | 1 | 67 | |||||||||||||||||||||
| Surety bonds issued | $ 121 | |||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Amount of Deposit Used for Contingent Joint Venture Interest Acquisition No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Deposits made in conjunction with a contingent obligation to acquire our joint venture partner's remaining interest. These deposits are refundable to the extent we do not acquire our joint venture partner's remaining interests. No definition available.
|
| X | ||||||||||
|
- Definition
Expected Undisbursed Investment Commitments Amount No definition available.
|
| X | ||||||||||
|
- Definition
Held-to-maturity Securities, Number of Hotels Accounted for within Transaction No definition available.
|
| X | ||||||||||
|
- Definition
Commitments to invest No definition available.
|
| X | ||||||||||
|
- Definition
Investment Commitments Expected to be Funded After One Year and Within Two Years No definition available.
|
| X | ||||||||||
|
- Definition
Investment Commitments Expected to be Funded After Two Years and Within Three Years No definition available.
|
| X | ||||||||||
|
- Definition
Investment Commitments Expected to be Funded in Current Year No definition available.
|
| X | ||||||||||
|
- Definition
Investment Commitments Expected to be Funded Within Three Years No definition available.
|
| X | ||||||||||
|
- Definition
Joint Venture, Percentage Ownership Interest Acquired from Partner No definition available.
|
| X | ||||||||||
|
- Definition
Loan Commitment, Amount No definition available.
|
| X | ||||||||||
|
- Definition
Loan Commitment, Amount Funded No definition available.
|
| X | ||||||||||
|
- Definition
Loan Commitment, Expected to be Funded, Remainder of Fiscal Year No definition available.
|
| X | ||||||||||
|
- Definition
Loan Commitment, Not Expected to be Funded No definition available.
|
| X | ||||||||||
|
- Definition
Number Of New Joint Ventures No definition available.
|
| X | ||||||||||
|
- Definition
The number of years within which we are obligated to acquire the remaining interest. No definition available.
|
| X | ||||||||||
|
- Definition
Ownership Interest Purchase Contingency Term No definition available.
|
| X | ||||||||||
|
- Definition
The remaining joint venture interest that we have a right and under certain circumstances an obligation to acquire. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of surety bonds issued as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
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 |
Sep. 30, 2013
|
|---|---|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | $ 197 |
| Liability for Guarantees | 51 |
|
Debt service
|
|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 76 |
| Liability for Guarantees | 6 |
|
Operating profit
|
|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 105 |
| Liability for Guarantees | 44 |
|
Other
|
|
| Guarantor Obligations [Line Items] | |
| Maximum Potential Amount of Future Fundings | 16 |
| Liability for Guarantees | $ 1 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Contingencies - Legal Proceedings (Details) (Pricing Investigation by Korea Fair Trade Commission)
|
Mar. 31, 2012
hotel
|
|---|---|
|
Pricing Investigation by Korea Fair Trade Commission
|
|
| Loss Contingencies [Line Items] | |
| Number of hotels included in pricing investigation, managed by Company | 2 |
| X | ||||||||||
|
- Definition
Loss Contingency, Number of Company-managed Hotels Included in Pricing Investigation No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segment - Additional Information (Detail)
|
9 Months Ended |
|---|---|
|
Sep. 30, 2013
segment
|
|
| Segment Reporting [Abstract] | |
| Number of business segments | 4 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segments - Revenues (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
| Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
| Revenues | $ 3,160 | $ 2,729 | $ 8,057 | $ 9,565 |
|
Total segment
|
||||
| Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
| Revenues | 3,091 | 2,659 | 7,860 | 9,366 |
|
Other unallocated corporate
|
||||
| Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
| Revenues | 69 | 70 | 197 | 199 |
|
North American Full-Service Segment | Total segment
|
||||
| Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
| Revenues | 1,595 | 1,332 | 4,006 | 4,935 |
|
North American Limited-Service Segment | Total segment
|
||||
| Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
| Revenues | 695 | 612 | 1,735 | 1,970 |
|
International Segment | Total segment
|
||||
| Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
| Revenues | 385 | 321 | 898 | 1,131 |
|
Luxury Segment | Total segment
|
||||
| Segment Reporting, Revenue Reconciling Item [Line Items] | ||||
| Revenues | $ 416 | $ 394 | $ 1,221 | $ 1,330 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segments - Net Income (Loss) (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
| Interest expense and interest income | $ (23) | $ (26) | $ (86) | $ (75) |
| Provision for income taxes | (63) | (79) | (188) | (212) |
| Net income | 160 | 143 | 390 | 475 |
|
Total segment
|
||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
| Segment financial results | 288 | 289 | 805 | 902 |
|
Other unallocated corporate
|
||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
| Segment financial results | (42) | (41) | (141) | (140) |
|
North American Full-Service Segment | Total segment
|
||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
| Segment financial results | 96 | 76 | 275 | 341 |
|
North American Limited-Service Segment | Total segment
|
||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
| Segment financial results | 131 | 157 | 347 | 372 |
|
International Segment | Total segment
|
||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
| Segment financial results | 39 | 36 | 117 | 111 |
|
Luxury Segment | Total segment
|
||||
| Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||
| Segment financial results | $ 22 | $ 20 | $ 66 | $ 78 |
| X | ||||||||||
|
- Definition
Income Loss before Interest Income, Interest Expense and Income Taxes No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segments - Equity in Losses of Equity Method Investees (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 07, 2012
|
Sep. 07, 2012
|
Sep. 30, 2013
|
|
| Segment Reporting Information [Line Items] | ||||
| Equity in losses of equity method investees | $ 0 | $ (1) | $ (10) | $ (2) |
|
Total segment
|
||||
| Segment Reporting Information [Line Items] | ||||
| Equity in losses of equity method investees | 0 | 0 | (7) | 0 |
|
Other unallocated corporate
|
||||
| Segment Reporting Information [Line Items] | ||||
| Equity in losses of equity method investees | 0 | (1) | (3) | (2) |
|
North American Full-Service Segment | Total segment
|
||||
| Segment Reporting Information [Line Items] | ||||
| Equity in losses of equity method investees | 1 | 0 | 1 | 3 |
|
North American Limited-Service Segment | Total segment
|
||||
| Segment Reporting Information [Line Items] | ||||
| Equity in losses of equity method investees | 0 | 0 | 1 | 2 |
|
International Segment | Total segment
|
||||
| Segment Reporting Information [Line Items] | ||||
| Equity in losses of equity method investees | (1) | 0 | 2 | (2) |
|
Luxury Segment | Total segment
|
||||
| Segment Reporting Information [Line Items] | ||||
| Equity in losses of equity method investees | $ 0 | $ 0 | $ (11) | $ (3) |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segments - Assets (Detail) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2013
|
Dec. 28, 2012
|
|---|---|---|
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | $ 6,480 | $ 6,342 |
|
Total segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 4,487 | 4,239 |
|
Other unallocated corporate
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,993 | 2,103 |
|
North American Full-Service Segment | Total segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,546 | 1,517 |
|
North American Limited-Service Segment | Total segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 480 | 492 |
|
International Segment | Total segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | 1,140 | 1,056 |
|
Luxury Segment | Total segment
|
||
| Segment Reporting, Asset Reconciling Item [Line Items] | ||
| Assets | $ 1,321 | $ 1,174 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Acquisitions and Dispositions - Acquisitions (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 1 Months Ended |
|---|---|---|
|
Sep. 30, 2013
|
Oct. 31, 2013
Subsequent Event
|
|
| Business Acquisition [Line Items] | ||
| Acquisition, cash deposit | $ 5 | |
| Acquisition, cash paid | $ 110 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Acquisitions and Dispositions - Dispositions (Detail) (USD $)
|
3 Months Ended | |
|---|---|---|
|
Jul. 30, 2013
|
Sep. 30, 2013
Luxury Segment
London EDITION Hotel
|
|
| Long Lived Assets Held-for-sale [Line Items] | ||
| Assets held-for-sale | $ 800,000,000 | |
| Assets, reclassified | 232,000,000 | |
| Assets, property, plant and equipment, reclassified | 225,000,000 | |
| Assets, current assets, reclassified | 7,000,000 | |
| Liabilities, reclassified | 9,000,000 | |
| Gain (loss) recognized from reclassification to held-for-sale | $ 0 |
| X | ||||||||||
|
- Definition
Amount of consideration received or receivable for the disposal of long-lived assets, including discontinued operation. No definition available.
|
| X | ||||||||||
|
- Definition
Gain (Loss) Recognized from Reclassification to Held-for-sale No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Variable Interest Entities - Additional Information (Detail) (USD $)
|
9 Months Ended | 3 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
CTF Entity
Entity
hotel
|
Dec. 30, 2011
CTF Entity
|
Sep. 30, 2013
Variable Interest Entity, Not Primary Beneficiary
CTF Entity
Entity
hotel
|
Sep. 30, 2013
Variable Interest Entity, Not Primary Beneficiary
CTF Entity
Liability Exposure for Rent Payments
Secondarily Liable
|
Sep. 30, 2013
Variable Interest Entity, Not Primary Beneficiary
CTF Entity
Partial Liability Exposure for Rent Payments
Secondarily Liable
|
Jun. 30, 2013
Debt Securities
Mandatorily Redeemable Preferred Equity Ownership Interest
hotel
|
Sep. 30, 2013
Debt Securities
Mandatorily Redeemable Preferred Equity Ownership Interest
|
Sep. 30, 2013
Maximum
CTF Entity
|
|
| Variable Interest Entity [Line Items] | ||||||||
| Held-to-maturity securities | $ 65,000,000 | |||||||
| Number of hotels | 3 | |||||||
| Maximum exposure to loss | 78,000,000 | |||||||
| Percent of tenant entities owned by CTF | 100.00% | |||||||
| Number of hotels managed | 4 | |||||||
| Number of tenant entities to whom hotel management services provided | 3 | |||||||
| Number of properties fully released from guarantees with CTF | 2 | |||||||
| Number of properties partially released from guarantees with CTF | 2 | |||||||
| CTF trust account | 0 | |||||||
| Number of hotels liable cash flow shortfalls | 2 | |||||||
| Operating leases, term | 1 year | |||||||
| Future lease payment | $ 6,000,000 | $ 6,000,000 | ||||||
| Number of additional hotels liable cash flow shortfalls | 2 | |||||||
| X | ||||||||||
|
- Definition
Held-to-maturity Securities, Number of Hotels Accounted for within Transaction No definition available.
|
| X | ||||||||||
|
- Definition
The number of additional hotels for which we are liable up to an aggregate cap if the hotels have cash flow shortfalls. No definition available.
|
| X | ||||||||||
|
- Definition
The number of hotels for which we are liable if the hotels have cash flow shortfalls. No definition available.
|
| X | ||||||||||
|
- Definition
Number Of Hotels Managed No definition available.
|
| X | ||||||||||
|
- Definition
Number of properties fully released from guarantees No definition available.
|
| X | ||||||||||
|
- Definition
Number of properties partially released from guarantees No definition available.
|
| X | ||||||||||
|
- Definition
Number of Tenant Entities to Whom Hotel Management Services Provided No definition available.
|
| X | ||||||||||
|
- Definition
Operating Leases, Term No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|