Owned, leased, and corporate housing-direct

12,784

11,814

12,317

OPERATING COSTS AND EXPENSES

779

824

943

Timeshare-direct

929

Timeshare strategy-impairment charges

324

Reimbursed costs (1)

10,291

^[1]

9,405

^[1]

8,843

^[1]

General, administrative, and other (1)

726

^[1]

645

^[1]

752

^[1]

Costs and Expenses, Total

11,796

10,874

11,791

OPERATING INCOME

988

940

526

Gains (losses) and other income (1)

^[1]

(7)

^[1]

Interest expense (1)

(120)

^[1]

(137)

^[1]

(164)

^[1]

Interest income (1)

^[1]

Equity in losses (1)

(5)

^[1]

(13)

^[1]

(13)

^[1]

INCOME BEFORE INCOME TAXES

897

849

356

Earnings per share (in USD per share)

(271)

(278)

(158)

NET INCOME

$ 626

$ 571

$ 198

EARNINGS PER SHARE-Basic

$ 2.05

$ 1.77

$ 0.56

EARNINGS PER SHARE-Diluted

Earnings per share (in USD per share)

$ 2.00

$ 1.72

$ 0.55

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Statement of Comprehensive Income [Abstract]
Net income	$ 626	$ 571	$ 198
Other comprehensive income (loss):
Foreign currency translation adjustments	1	4	(31)
Other derivative instrument adjustments, net of tax	0	(2)	(20)
Unrealized gains (losses) on available-for-sale securities, net of tax	5	0	(3)
Reclassification of (gains) losses, net of tax	(6)	2	8
Total other comprehensive income (loss), net of tax	0	4	(46)
Comprehensive income	$ 626	$ 575	$ 152

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.

+ References+ Details

Accounts and notes receivable, net (1)

Amount after tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

+ References+ Details

CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 28, 2012

Current assets

Cash and equivalents

$ 126

$ 88

1,081

^[1]

1,028

^[1]

Current deferred taxes, net

252

280

Prepaid expenses

Contract acquisition costs and other (1)

Assets held for sale

350

Assets, Current, Total

1,903

1,475

Property and equipment

1,543

1,539

Intangible assets

Goodwill

874

1,131

^[1]

1,115

^[1]

Goodwill And Intangible Assets, Net, Total

2,005

1,989

Equity and cost method investments (1)

222

^[1]

216

^[1]

Notes receivable, net (1)

142

^[1]

180

^[1]

Deferred taxes, net (1)

647

^[1]

676

^[1]

Other (1)

332

^[1]

267

^[1]

Total Assets

6,794

6,342

Current liabilities

Current portion of long-term debt

407

Accounts payable (1)

557

^[1]

569

^[1]

Accrued payroll and benefits

817

745

Liability for guest loyalty programs

666

593

Other (1)

629

^[1]

459

^[1]

Liabilities, Current, Total

2,675

2,773

Long-term debt

3,147

2,528

Liability for guest loyalty programs

1,475

1,428

Other long-term liabilities (1)

912

^[1]

898

^[1]

Shareholders’ deficit

Class A Common Stock

Additional paid-in-capital

2,716

2,585

Retained earnings

3,837

3,509

Treasury stock, at cost

(7,929)

(7,340)

Accumulated other comprehensive loss

(44)

Stockholders' Deficit

(1,415)

(1,285)

Liabilities and Deficit, Total

$ 6,794

$ 6,342

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
OPERATING ACTIVITIES
Net income	$ 626	$ 571	$ 198
Adjustments to reconcile to cash provided by operating activities:
Depreciation and amortization	127	102	144
Income taxes	73	224	113
Timeshare activity, net	0	0	175
Timeshare strategy-impairment charges	0	0	324
Liability for guest loyalty program	99	60	78
Restructuring costs, net	0	0	(5)
Working capital changes and other	215	32	62
Net cash provided by operating activities	1,140	989	1,089
INVESTING ACTIVITIES
Capital expenditures	(404)	(437)	(183)
Dispositions	0	65	20
Loan advances	(7)	(17)	(26)
Loan collections	77	155	110
Equity and cost method investments	(16)	(15)	(83)
Contract acquisition costs	(61)	(253)	(74)
Investment in debt security	(65)	0	0
Other	(43)	(83)	(11)
Net cash used in investing activities	(519)	(585)	(247)
FINANCING ACTIVITIES
Commercial paper/Credit Facility, net	311	184	325
Issuance of long-term debt	345	936	118
Repayment of long-term debt	(407)	(370)	(264)
Issuance of Class A Common Stock	199	179	124
Dividends paid	(196)	(191)	(134)
Purchase of treasury stock	(834)	(1,145)	(1,425)
Other	(1)	(11)	11
Net cash used in financing activities	(583)	(418)	(1,245)
INCREASE (DECREASE) IN CASH AND EQUIVALENTS	38	(14)	(403)
CASH AND EQUIVALENTS, beginning of period	88	102	505
CASH AND EQUIVALENTS, end of period	$ 126	$ 88	$ 102

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ (DEFICIT) EQUITY (USD $)
In Millions, unless otherwise specified

Total

Class A Common Stock

Additional Paid-in-Capital

Retained Earnings

Treasury Stock, at Cost

Accumulated Other Comprehensive Income (Loss)

Beginning balance at Dec. 31, 2010

$ 1,585

$ 5

$ 3,644

$ 3,286

$ (5,348)

$ (2)

Beginning balance, shares at Dec. 31, 2010

366.9

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive income (loss)

198

Other comprehensive loss

(24)

(46)

Dividends

(135)

Employee stock plan issuance

182

(137)

310

Employee stock plan issuance, shares

9.5

Purchase of treasury stock

(1,425)

Purchase of treasury stock, shares

(43.4)

Spin-off of MVW adjustment (1)

^[1]

(1,162)

(1,140)

(22)

Ending balance at Dec. 30, 2011

(781)

2,513

3,212

(6,463)

(48)

Ending balance, shares at Dec. 30, 2011

333.0

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive income (loss)

571

Dividends

(158)

Employee stock plan issuance

236

(116)

283

Employee stock plan issuance, shares

9.1

Purchase of treasury stock

(1,160)

Purchase of treasury stock, shares

(31.2)

Spin-off of MVW adjustment (1)

^[1]

Ending balance at Dec. 28, 2012

(1,285)

2,585

3,509

(7,340)

(44)

Ending balance, shares at Dec. 28, 2012

310.9

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive income (loss)

626

Dividends

(195)

Employee stock plan issuance

269

131

(103)

241

Employee stock plan issuance, shares

7.1

Purchase of treasury stock

(830)

Purchase of treasury stock, shares

(20.0)

Ending balance at Dec. 31, 2013

$ (1,415)

$ 5

$ 2,716

$ 3,837

$ (7,929)

$ (44)

Ending balance, shares at Dec. 31, 2013

298.0

[1]	The abbreviation MVW means Marriott Vacations Worldwide Corporation.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The consolidated financial statements present the results of operations, financial position, and cash flows of Marriott International, Inc. (“Marriott,” and together with its subsidiaries “we,” “us,” or the “Company”). In order to make this report easier to read, we refer throughout to (i) our Consolidated Financial Statements as our “Financial Statements,” (ii) our Consolidated Statements of Income as our “Income Statements,” (iii) our Consolidated Balance Sheets as our “Balance Sheets,” (iv) our properties, brands, or markets in the United States and Canada as “North America” or “North American,” 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 Consolidated Financial Statements, unless otherwise noted.

On November 21, 2011 ("the spin-off date"), we completed a spin-off of our timeshare operations and timeshare development business through a special tax-free dividend to our shareholders of all of the issued and outstanding common stock (the "spin-off") of our wholly owned subsidiary Marriott Vacations Worldwide Corporation ("MVW"). Because of our significant continuing involvement in MVW operations after the spin-off (by virtue of license and other agreements between us and MVW), we continue to include the historical financial results before the spin-off date of our former Timeshare segment in our historical financial results as a component of continuing operations. See Footnote No. 15, "Spin-off," for more information on the spin-off.

Preparation of financial statements that conform with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods, and the disclosures of contingent liabilities. Accordingly, ultimate results could differ from those estimates.

The accompanying Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position at fiscal year-end 2013 and fiscal year-end 2012 and the results of our operations and cash flows for fiscal years 2013, 2012, and 2011. We have eliminated all material intercompany transactions and balances between entities consolidated in these Financial Statements. We also reclassified depreciation that third party owners reimburse to us which is included in the "Reimbursed costs" caption of our Income Statements, from the "Depreciation and amortization" caption to the "Working capital changes and other" caption of the Cash Flow Statement for all prior years presented to conform to our 2013 presentation.

Fiscal Year

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 ended on December 31, 2013. Historically, our fiscal year was a 52-53 week fiscal year that ended on the Friday nearest to December 31. As a result, our 2013 fiscal year had 4 more days than the 2012 and 2011 fiscal years. We have not restated and do not plan to restate historical results.

The table below shows each completed fiscal year we refer to in this report, the date the fiscal year ended, and the number of days in that fiscal year:



Fiscal Year	Fiscal Year-End Date	Number of Days	Fiscal Year	Fiscal Year-End Date	Number of Days
2013	December 31, 2013	368	2008	January 2, 2009	371
2012	December 28, 2012	364	2007	December 28, 2007	364
2011	December 30, 2011	364	2006	December 29, 2006	364
2010	December 31, 2010	364	2005	December 30, 2005	364
2009	January 1, 2010	364	2004	December 31, 2004	364

Beginning in 2014, our fiscal years will be the same as the corresponding calendar year (each beginning on January 1 and ending on December 31, and containing 365 or 366 days).

Revenue Recognition

Our revenues include: (1) base management and incentive management fees; (2) franchise fees (including licensing fees from MVW after the spin-off of $61 million for 2013, $61 million for 2012 and $4 million for 2011); (3) revenues from lodging properties we own or lease; and (4) cost reimbursements. Management fees are typically composed of a base fee, which is a percentage of the revenues of hotels, and an incentive fee, which is generally based on hotel profitability. Franchise fees are typically composed of initial application fees and continuing royalties generated from our franchise programs, which permit the hotel owners and operators to use certain of our brand names. Cost reimbursements include direct and indirect costs that are reimbursed to us by properties that we manage, franchise, or license.

Base Management and Incentive Management Fees: We recognize base management fees as revenue when we earn them under the contracts. In interim periods and at year-end, we recognize incentive management fees that would be due as if the contracts were to terminate at that date, exclusive of any termination fees payable or receivable by us.

Franchise Fee and License Fee Revenue: We recognize franchise fees and license fees as revenue in each accounting period as we earn those fees from the franchisee or licensee under the contracts.

Owned and Leased Units: We recognize room sales and revenues from other guest services for our owned and leased units when rooms are occupied and when we have rendered the services.

Cost Reimbursements: We recognize cost reimbursements from managed, franchised, and licensed properties when we incur the related reimbursable costs. These costs primarily consist of payroll and related expenses at managed properties where we are the employer and also include certain operational and administrative costs as provided for in our contracts with the owners. As these costs have no added markup, the revenue and related expense have no impact on either our operating or net income.

Other Revenue: Includes other third-party licensing fees, branding fees for third-party residential sales and credit card licensing, land rental income, and other revenue.

Timeshare Revenue Recognition Before the 2011 Spin-off: For periods before the spin-off, our revenues also included revenue from our former Timeshare segment including cost reimbursements revenue and timeshare sales and services revenue, the latter of which included the following types of revenue:

Timeshare and Fractional Intervals and Condominiums: Before the spin-off, we recognized sales when: (1) we had received a minimum of 10 percent of the purchase price; (2) the purchaser’s period to cancel for a refund had expired; (3) we deemed the receivables to be collectible; and (4) we had attained certain minimum sales and construction levels. We deferred all revenue using the deposit method for sales that did not meet all four of these criteria. For sales that did not qualify for full revenue recognition as the project had progressed beyond the preliminary stages but had not yet reached completion, we deferred all revenue and profit which we then recognized in earnings using the percentage of completion method.

Timeshare Points-Based Use System Revenue: Before the spin-off, we recognized sales under our points-based use system when the criteria noted in the “Timeshare and Fractional Intervals and Condominiums” caption were met, as we considered these sales to be sales of real estate.

Timeshare Residential (Stand-Alone Structures): Before the spin-off, we recognized sales under the full accrual method of accounting when we received our proceeds and transferred title at settlement.

Timeshare Interest Income: Before the spin-off, we reflected interest income from “Loans to timeshare owners” in our 2011 Income Statement in the "Timeshare sales and services" revenue caption of $143 million, consisting of $116 million from securitized loans and $27 million from non-securitized loans.

Ground Leases

We are the lessee of land under long-term operating leases that include scheduled increases in minimum rents. We recognize these scheduled rent increases on a straight-line basis over the initial lease term.

Real Estate Sales

We reduce gains on sales of real estate by the maximum exposure to loss if we have continuing involvement with the property and do not transfer substantially all of the risks and rewards of ownership. In sales transactions where we retain a management contract, the terms and conditions of the management contract are generally comparable to the terms and conditions of the management contracts obtained directly with third-party owners in competitive bid processes.

Profit Sharing Plan

We contribute to a profit sharing plan for the benefit of employees meeting certain eligibility requirements who elect to participate in the plan. Participating employees specify the percentage of salary deferred. We recognized compensation costs from profit sharing of $75 million in 2013, $69 million in 2012, and $91 million in 2011.

Self-Insurance Programs

We self-insure for certain levels of property, liability, workers’ compensation and employee medical coverage. We accrue estimated costs of these self-insurance programs at the present value of projected settlements for known and incurred but not reported claims. We use a discount rate of 2.0 percent to determine the present value of the projected settlements, which we consider to be reasonable given our history of settled claims, including payment patterns and the fixed nature of the individual settlements.

We are subject to a variety of assessments for our insurance activities, including those by state guaranty funds and workers’ compensation second-injury funds. We record our liabilities for these assessments in our Balance Sheets within the other current liabilities line. These liabilities, which are not discounted, totaled $5 million at year-end 2013 and $5 million at year-end 2012. We expect to pay the $5 million liability for assessments as of year-end 2013 by the end of 2014.

Our Rewards Programs

Marriott Rewards and The Ritz-Carlton Rewards are our frequent guest loyalty programs. Program members earn points based on the money they spend at our lodging operations, purchases of timeshare interval, fractional ownership, and residential products (through MVW for periods after the spin-off date) and, to a lesser degree, through participation in affiliated partners’ programs, such as those offered by car rental, and credit card companies. Members can redeem points, which we track on their behalf, for stays at most of our lodging operations, airline tickets, airline frequent flyer program miles, rental cars, and a variety of other awards. Points cannot be redeemed for cash. We provide Marriott Rewards and The Ritz-Carlton Rewards as marketing programs to participating properties, with the objective of operating the programs on a break-even basis to us. We sell the points for amounts that we expect will, in the aggregate, equal the costs of point redemptions and program operating costs over time.

We estimate the value of the future redemption obligation using statistical formulas that project timing of future point redemption based on historical levels, including an estimate of the “breakage” for points that members will never redeem, and an estimate of the points that members will eventually redeem. These judgment factors determine our rewards programs' required liability for outstanding points. That liability totaled $2,141 million at year-end 2013 and $2,021 million at year-end 2012. A ten percent reduction in the estimate of “breakage” would have increased the estimated year-end 2013 liability by $139 million.

We defer revenue we receive from managed, franchised, and Marriott-owned/leased hotels and program partners. Our management and franchise agreements require that properties reimburse us currently for the costs of operating the rewards programs, including marketing, promotion, communication with, and performing member services for rewards program members. Due to the requirement that properties reimburse us for program operating costs as incurred, we recognize the related cost reimbursements revenues from properties for our rewards programs when we incur and expense such costs. We recognize the component of revenue from program partners that corresponds to program maintenance services over the expected life of the points awarded. When points are redeemed we recognize the amounts we previously deferred as revenue and the corresponding expense relating to the costs of the awards redeemed.

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, as described below in this footnote under the heading "Fair Value Measurements." 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.

The offsetting entry for the guarantee liability depends on the circumstances in which the guarantee was issued. Funding under the guarantee reduces the recorded liability. In most cases, when we do not forecast any funding, we amortize the liability into income on a straight-line basis over the remaining term of the guarantee. On a quarterly basis, we evaluate all material estimated liabilities based on the operating results and the terms of the guarantee. If we conclude that it is probable that we will be required to fund a greater amount than previously estimated, we record a loss unless the advance would be recoverable in the form of a loan.

Rebates and Allowances

We participate in various vendor rebate and allowance arrangements as a manager of hotel properties. Three types of programs that are common in the hotel industry are sometimes referred to as “rebates” or “allowances,” including unrestricted rebates, marketing (restricted) rebates, and sponsorships. These arrangements have the primary business purposes of securing favorable pricing for our hotel owners for various products and services and enhancing resources for promotional campaigns that certain vendors co-sponsor. More specifically, unrestricted rebates are funds returned to the buyer, generally based on volumes or quantities of goods purchased. Marketing (restricted) allowances are funds allocated by vendor agreements for certain marketing or other joint promotional initiatives. Sponsorships are funds paid by vendors, generally used by the vendor to gain exposure at meetings and events, which we account for as a reduction of the cost of the event.

We account for rebates and allowances as adjustments of the prices of the vendors’ products and services. We show vendor costs as reimbursed costs and the reimbursement of those costs to us as cost reimbursements revenue; and accordingly we reflect rebates as a reduction of these line items.

Cash and Equivalents

We consider all highly liquid investments with an initial maturity of three months or less at date of purchase to be cash equivalents.

Assets Held for Sale

We consider properties to be assets held for sale when (1) management commits to a plan to sell the property; (2) it is unlikely that the disposal plan will be significantly modified or discontinued; (3) the property is available for immediate sale in its present condition; (4) actions required to complete the sale of the property have been initiated; (5) sale of the property is probable and we expect the completed sale will occur within one year; and (6) the property is actively being marketed for sale at a price that is reasonable given its current market value. Upon designation of a property as an asset held for sale, we record the property's value at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and we cease depreciation.

At year-end 2013, we had $350 million classified as "Assets held for sale" and $61 million in liabilities held for sale classified as "Other current liabilities" on our Balance Sheet. See Footnote No. 7, "Acquisitions and Dispositions" for additional information on these planned dispositions. At year-end 2012, we had no assets held for sale and no liabilities held for sale.

Accounts Receivable

Our accounts receivable primarily consist of amounts due from hotel owners with whom we have management and franchise agreements and include reimbursements of costs we incurred on behalf of managed and franchised properties. We generally collect these receivables within 30 days. We record an accounts receivable reserve when losses are probable, based on an assessment of historical collection activity and current business conditions. Our accounts receivable reserve was $43 million at year-end 2013 and $32 million at year-end 2012.

Loan Loss Reserves

Senior, Mezzanine, and Other Loans

We may make loans to owners of hotels that we operate or franchise, generally to facilitate the development of a hotel and sometimes to facilitate brand programs or initiatives. We expect the owners to repay the loans in accordance with the loan agreements, or earlier as the hotels mature and capital markets permit. We use metrics such as loan-to-value ratios and debt service coverage, and other information about collateral and from third party rating agencies to assess the credit quality of the loan receivable, both upon entering into the loan agreement and on an ongoing basis as applicable.

On a regular basis, we individually assess all of these loans for impairment. We use internally generated cash flow projections to determine if we expect the loans to be repaid under the terms of the loan agreements. If we conclude that it is probable a borrower will not repay a loan in accordance with its terms, we consider the loan impaired and begin recognizing interest income on a cash basis. To measure impairment, we calculate the present value of expected future cash flows discounted at the loan’s original effective interest rate or the estimated fair value of the collateral. If the present value or the estimated collateral is less than the carrying value of the loan receivable, we establish a specific impairment reserve for the difference.

If it is likely that a loan will not be collected based on financial or other business indicators, including our historical experience, our policy is to charge off the loan in the quarter in which we deem it uncollectible.

Goodwill

We assess goodwill for potential impairment at the end of each fiscal year, or during the year if an event or other circumstance indicates that we may not be able to recover the carrying amount of the asset. In evaluating goodwill for impairment, we first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. If we conclude that it is not more likely than not that the fair value of a reporting unit is less than its carrying value, then no further testing of the goodwill assigned to the reporting unit is required. However, if we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then we perform a two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment we will recognize, if any. At year-end 2013 and year-end 2012, we concluded that it was not more likely than not that the fair value of any reporting unit was less than its carrying value.

In the first step of the two-step goodwill impairment test, we compare the estimated fair value of the reporting unit with its carrying value. If the estimated fair value of the reporting unit exceeds its carrying amount, no further analysis is needed. If, however, the estimated fair value of the reporting unit is less than its carrying amount, we proceed to the second step and calculate the implied fair value of the reporting unit goodwill to determine whether any impairment is required. We calculate the implied fair value of the reporting unit goodwill by allocating the estimated fair value of the reporting unit to all of the unit's assets and liabilities as if the unit had been acquired in a business combination. If the carrying value of the reporting unit’s goodwill exceeds the implied fair value of the goodwill, we recognize an impairment loss in the amount of that excess. In allocating the estimated fair value of the reporting unit to all of the assets and liabilities of the reporting unit, we use industry and market data, as well as knowledge of the industry and our past experience.

We calculate the estimated fair value of a reporting unit using the income approach. For the income approach, we use internally developed discounted cash flow models that include the following assumptions, among others: projections of revenues, expenses, and related cash flows based on assumed long-term growth rates and demand trends; expected future investments to grow new units; and estimated discount rates. We base these assumptions on our historical data and experience, third-party appraisals, industry projections, micro and macro general economic condition projections, and our expectations.

We have had no goodwill impairment charges for the last three fiscal years, and as of the date of each of the most recent detailed tests, the estimated fair value of each of our reporting units exceeded its respective carrying amount by more than 100 percent based on our models and assumptions.

For additional information on goodwill, including the amounts of goodwill by segment, see Footnote No. 14, “Business Segments.”

Investments

We consolidate entities that we control. We account for investments in joint ventures using the equity method of accounting when we exercise significant influence over the venture. If we do not exercise significant influence, we account for the investment using the cost method of accounting. We account for investments in limited partnerships and limited liability companies using the equity method of accounting when we own more than a minimal investment. Our ownership interest in these equity method investments varies generally from 10 percent to 49 percent. See Footnote No. 4, "Fair Value of Financial Instruments" for additional information on available-for-sale securities. When we sell available-for-sale securities, we determine the cost basis of the securities sold using specific identification, meaning that we track our securities individually.

Valuation of Intangibles and Long-Lived Assets

We test intangibles and long-lived asset groups for recoverability when changes in circumstances indicate that we may not be able to recover the carrying value; for example, when there are material adverse changes in projected revenues or expenses, significant underperformance relative to historical or projected operating results, or significant negative industry or economic trends. We also test recoverability when management has committed to a plan to sell or otherwise dispose of an asset group and we expect to complete the plan within a year. We evaluate recoverability of an asset group by comparing its carrying value to the future net undiscounted cash flows that we expect the asset group will generate. If the comparison indicates that we will not be able to recover the carrying value of an asset group, we recognize an impairment loss for the amount by which the carrying value exceeds the estimated fair value. When we recognize an impairment loss for assets to be held and used, we depreciate the adjusted carrying amount of those assets over their remaining useful life.

We calculate the estimated fair value of an intangible asset or asset group using the income approach or the market approach. We utilize the same assumptions and methodology for the income approach that we describe in the “Goodwill” caption. For the market approach, we use internal analyses based primarily on market comparables and assumptions about market capitalization rates, growth rates, and inflation.

For information on impairment losses that we recorded in 2011 for long-lived assets, see Footnote No. 15, “Spin-off.”

Valuation of Investments in Ventures

We may hold a minority equity interest in ventures established to develop or acquire and own hotel properties. These ventures are generally limited liability companies or limited partnerships.

We evaluate an investment in a venture for impairment when circumstances indicate that we may not be able to recover the carrying value, for example due to loan defaults, significant under performance relative to historical or projected operating performance, or significant negative industry or economic trends.

We impair investments we account for using the equity and cost methods of accounting when we determine that there has been an “other-than-temporary” decline in the venture’s estimated fair value compared to its carrying value. Additionally, a venture's commitment to a plan to sell some or all of its assets could cause us to evaluate the recoverability of the venture's individual long-lived assets and possibly the venture itself.

We calculate the estimated fair value of an investment in a venture using either a market approach or an income approach. We utilize the same assumptions and methodology for the income approach that we describe in the “Goodwill” caption. For the market approach, we use internal analyses based primarily on market comparables and assumptions about market capitalization rates, growth rates, and inflation.

For information on an impairment loss that we recorded in 2012 for a cost method investment, see Footnote No. 4, “Fair Value of Financial Instruments.”

Fair Value Measurements

We have various financial instruments we must measure at fair value on a recurring basis, including certain marketable securities and derivatives. See Footnote No. 4, “Fair Value of Financial Instruments,” for further information. We also apply the provisions of fair value measurement to various nonrecurring measurements for our financial and nonfinancial assets and liabilities.

Applicable accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). We measure our assets and liabilities using inputs from the following three levels of the fair value hierarchy:

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

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

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

Derivative Instruments

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

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

Changes in interest rates, currency exchange rates, and equity securities expose us to market risk. We manage our exposure to these risks by monitoring available financing alternatives, as well as through development and application of credit granting policies. We also use derivative instruments, including cash flow hedges, net investment in non-U.S. operations hedges, fair value hedges, and other derivative instruments, as part of our overall strategy to manage our exposure to market risks. As a matter of policy, we only enter into transactions that we believe will be highly effective at offsetting the underlying risk, and we do not use derivatives for trading or speculative purposes. See Footnote No. 4, “Fair Value of Financial Instruments,” for additional information.

Non-U.S. Operations

The U.S. dollar is the functional currency of our consolidated and unconsolidated entities operating in the United States. The functional currency of our consolidated and unconsolidated entities operating outside of the United States is generally the primary currency of the economic environment in which the entity primarily generates and expends cash. We translate the financial statements of consolidated entities whose functional currency is not the U.S. dollar into U.S. dollars, and we do the same, as needed, for unconsolidated entities whose functional currency is not the U.S. dollar. We translate assets and liabilities at the exchange rate in effect as of the financial statement date, and translate income statement accounts using the weighted average exchange rate for the period. We include translation adjustments from currency exchange and the effect of exchange rate changes on intercompany transactions of a long-term investment nature as a separate component of shareholders’ equity. We report gains and losses from currency exchange rate changes for intercompany receivables and payables that are not of a long-term investment nature, as well as gains and losses from non-U.S. currency transactions, currently in operating costs and expenses, and those amounted to losses of $5 million in 2013, $3 million in 2012, and $7 million in 2011. Gains and other income attributable to currency translation adjustment losses, net of gains, from the sale or complete or substantially complete liquidation of investments was zero for 2013 and $1 million for 2012. Gains and other income attributable to currency translation adjustment gains, net of losses, from the sale or complete or substantially complete liquidation of investments was $2 million for 2011.

Legal Contingencies

We are subject to various legal proceedings and claims, the outcomes of which are uncertain. We record an accrual for legal contingencies when we determine that it is probable that we have incurred a liability and we can reasonably estimate the amount of the loss. In making such determinations we evaluate, among other things, the probability of an unfavorable outcome and, when we believe it probable that a liability has been incurred, our ability to make a reasonable estimate of the loss. We review these accruals each reporting period and make revisions based on changes in facts and circumstances.

Income Taxes

We record the amounts of taxes payable or refundable for the current year, as well as deferred tax liabilities and assets for the future tax consequences of events we have recognized in our Financial Statements or tax returns, using judgment in assessing future profitability and the likely future tax consequences of those events. We base our estimates of deferred tax assets and liabilities on current tax laws, rates and interpretations, and, in certain cases, business plans and other expectations about future outcomes. We develop our estimates of future profitability based on our historical data and experience, industry projections, micro and macro general economic condition projections, and our expectations.

Changes in existing tax laws and rates, their related interpretations, and the uncertainty generated by the current economic environment may affect the amounts of our deferred tax liabilities or the valuations of our deferred tax assets over time. Our accounting for deferred tax consequences represents management’s best estimate of future events that can be appropriately reflected in the accounting estimates.

For tax positions we have taken or expect to take in a tax return, we apply a more likely than not threshold, under which we must conclude a tax position is more likely than not to be sustained, assuming that the position will be examined by the appropriate taxing authority that has full knowledge of all relevant information, in order to continue to recognize the benefit. In determining our provision for income taxes, we use judgment, reflecting our estimates and assumptions, in applying the more likely than not threshold. We recognize accrued interest and penalties for our unrecognized tax benefits as a component of tax expense.

For information about income taxes and deferred tax assets and liabilities, see Footnote No. 2, “Income Taxes.”

New Accounting Standards

We do not expect that accounting standard updates issued to date and that are effective after December 31, 2013 will have a material effect on our Financial Statements.

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

INCOME TAXES

12 Months Ended

Dec. 31, 2013

Income Taxes

INCOME TAXES

Our provision for income taxes for the last three fiscal years consists of:



($ in millions)		2013			2012			2011
Current	-U.S. Federal	$	(139	)	$	6		$	53
	-U.S. State	(17		)	(8		)	—
	-Non-U.S.	(44		)	(34		)	(55		)
		(200		)	(36		)	(2		)

Deferred	-U.S. Federal	(68		)	(211		)	(116		)
	-U.S. State	(10		)	(30		)	(10		)
	-Non-U.S.	7			(1		)	(30		)
		(71		)	(242		)	(156		)
		$	(271	)	$	(278	)	$	(158	)

Our current tax provision does not reflect the following benefits attributable to us for the vesting or exercise of employee share-based awards: $66 million in 2013, $76 million in 2012, and $55 million in 2011. The preceding table includes tax credits of $3 million in 2013, $3 million in 2012, and $4 million in 2011. We had a tax provision applicable to other comprehensive income of $2 million in 2013 and $5 million in 2012, and a tax benefit applicable to other comprehensive loss of $14 million in 2011.

We have made no provision for U.S. income taxes or additional non-U.S. taxes on the cumulative unremitted earnings of non-U.S. subsidiaries ($739 million as of year-end 2013) because we consider these earnings to be indefinitely reinvested. These earnings could become subject to additional taxes if the non-U.S. subsidiaries dividend or loan those earnings to us or to a U.S. affiliate or if we sell our interests in the non-U.S. subsidiaries. We cannot practically estimate the amount of additional taxes that might be payable on the unremitted earnings.

We file income tax returns, including returns for our subsidiaries, in various jurisdictions around the world. We conduct business in countries that grant “holidays” from income taxes for 10 to 30 year periods. These holidays expire through 2034. Without these tax “holidays,” we would have incurred the following aggregate income taxes and related earnings per share impacts: $1 million (less than $0.01 per diluted share) in 2013; less than $1 million (less than $0.01 per diluted share) in 2012; and $1 million (less than $0.01 per diluted share) in 2011.

In 2011, we recorded an income tax expense of $34 million to write off certain deferred tax assets that we transferred to MVW in conjunction with the spin-off of our timeshare operations and timeshare development business. We impaired these assets because we considered it "more likely than not" that MVW will not be able to realize the value of those deferred tax assets. See Footnote No. 15, “Spin-off” for more information on the transaction.

Unrecognized Tax Benefits

The following table reconciles our unrecognized tax benefit balance for each year from the beginning of 2011 to the end of 2013:



($ in millions)	Amount
Unrecognized tax benefit at beginning of 2011	$	39
Change attributable to tax positions taken during a prior period	(10		)
Change attributable to withdrawal of tax positions previously taken or expected to be taken	(6		)
Change attributable to tax positions taken during the current period	19
Decrease attributable to lapse of statute of limitations	(3		)
Unrecognized tax benefit at year-end of 2011	39
Change attributable to tax positions taken during the current period	12
Decrease attributable to settlements with taxing authorities	(20		)
Decrease attributable to lapse of statute of limitations	(2		)
Unrecognized tax benefit at year-end of 2012	29
Change attributable to tax positions taken during the current period	8
Decrease attributable to settlements with taxing authorities	(2		)
Decrease attributable to lapse of statute of limitations	(1		)
Unrecognized tax benefit at year-end of 2013	$	34

These unrecognized tax benefits reflect the following year-over-year changes: (1) a $5 million increase in 2013, primarily due to a U.S. federal tax issue, currently in appeals, offset by a settlement with international taxing authorities; (2) $10 million decrease in 2012, primarily reflecting the changes attributable to settlements with taxing authorities and positions taken during 2012; and (3) no net change in 2011, although 2011 included increases such as positions for our timeshare spin-off, and decreases such as the closing of the 2005-2008 Internal Revenue Service ("IRS") audits, the re-measurement of existing positions, and the lapse of statutes of limitations.

Our unrecognized tax benefit balances included $12 million at year-end 2013, $13 million at year-end 2012, and $24 million at year-end 2011 of tax positions that, if recognized, would impact our effective tax rate.

The IRS has examined our federal income tax returns, and we have settled all issues for tax years through 2009. We participate in the IRS Compliance Assurance Program, which accelerates IRS examination of key transactions with the goal of resolving any issues before the taxpayer files its return. As a result, our open tax years under audit are substantially complete while the 2013 tax year audit is currently ongoing. Various foreign, state, and local income tax returns are also under examination by the applicable taxing authorities. It is reasonably possible that we will resolve with taxing authorities an international issue ($5 million) which arose in 2011 related to financing activity and a U.S. federal issue ($21 million), currently in appeals, during the next 12 months for which we have an unrecognized tax balance of $26 million. The U.S. federal amount is offset by a related deferred tax asset. Therefore, the possible resolution of the issue will not have a material impact on our financial statements.

Deferred Income Taxes

Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases, as well as from net operating loss and tax credit carry-forwards. We state those balances at the enacted tax rates we expect will be in effect when we actually pay or recover the taxes. Deferred income tax assets represent amounts available to reduce income taxes we will pay on taxable income in future years. We evaluate our ability to realize these future tax deductions and credits by assessing whether we expect to have sufficient future taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings, and available tax planning strategies to utilize these future deductions and credits. We establish a valuation allowance when we no longer consider it more likely than not that a deferred tax asset will be realized.

We had the following total deferred tax assets and liabilities at year-end 2013 and year-end 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Deferred tax assets	$	926		$	950
Deferred tax liabilities	(60		)	(25		)
Net deferred taxes	$	866		$	925

The following table details the composition of our net deferred tax balances at year-end 2013 and year-end 2012:



($ in millions) Balance Sheet Caption	At Year-End 2013			At Year-End 2012
Current deferred taxes, net	$	252		$	280
Long-term deferred taxes, net	647			676
Current liabilities, other	(19		)	(13		)
Long-term liabilities, other	(14		)	(18		)
Net deferred taxes	$	866		$	925

The following table shows the tax effect of each type of temporary difference and carry-forward that gave rise to a significant portion of our deferred tax assets and liabilities as of year-end 2013 and year-end 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Employee benefits	$	340		$	321
Net operating loss carry-forwards	293			294
Tax credits	273			328
Reserves	61			63
Frequent guest program	30			43
Self-insurance	23			19
Deferred income	23			4
Joint venture interests	(23		)	(11		)
Property, equipment, and intangible assets	(37		)	(14		)
Other, net	48			23
Deferred taxes	1,031			1,070
Less: valuation allowance	(165		)	(145		)
Net deferred taxes	$	866		$	925

At year-end 2013, we had approximately $40 million of tax credits that expire through 2033 and $233 million of tax credits that do not expire. We recorded $14 million of net operating loss benefits in 2013 and $50 million in 2012. At year-end 2013, we had approximately $1.5 billion of net operating losses, of which $747 million expire through 2033.

Reconciliation of U.S. Federal Statutory Income Tax Rate to Actual Income Tax Rate

The following table reconciles the U.S. statutory tax rate to our effective income tax rate for the last three fiscal years:



	2013		2012		2011
U.S. statutory tax rate	35.0	%	35.0	%	35.0	%
U.S. state income taxes, net of U.S. federal tax benefit	2.6		2.6		2.3
Nondeductible expenses	0.5		0.3		1.8
Non-U.S. income	(5.7	)	(3.9	)	(0.9	)
Change in valuation allowance ⁽¹⁾	0.3		(0.2	)	8.9
Tax credits	(0.4	)	(0.4	)	(1.0	)
Other, net	(2.1	)	(0.7	)	(1.7	)
Effective rate	30.2	%	32.7	%	44.4	%


⁽¹⁾	Primarily for the 2011 additional impairment of certain deferred tax assets transferred to MVW, as discussed earlier in this footnote.

We paid cash for income taxes, net of refunds of $77 million in 2013 and $45 million in 2011, and received $17 million of cash for income tax refunds, net of payments in 2012.

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2013

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.

For all share-based awards, applicable accounting guidance requires that we measure compensation costs for our share-based payment transactions at fair value on the grant date and that we recognize those costs in our Financial Statements over the vesting period during which the employee provides service ("the service period") in exchange for the award.

During 2013, we granted 2.5 million RSUs, 0.2 million service and performance RSUs, 0.7 million SARs, and 0.1 million stock options.

We recorded share-based compensation expense for award grants of $116 million in 2013, $94 million in 2012, and $103 million in 2011. Deferred compensation costs for unvested awards totaled $108 million at year-end 2013 and $122 million at year-end 2012. As of year-end 2013, we expect to recognize these deferred compensation expenses over a weighted average period of two years.

Under the guidance for share-based compensation, we present the tax benefits and costs resulting from the exercise or vesting of share-based awards as financing cash flows. The exercise of share-based awards resulted in tax benefits of $121 million in 2013 and $71 million in 2012. Due to tax losses in 2011, we recorded no tax benefit in that year.

We received cash from the exercise of Marriott stock options of $199 million in 2013, $179 million in 2012, and $124 million in 2011.

RSUs

We issue Marriott RSUs under the Stock Plan 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 recognize compensation expense for RSUs over the service period equal to the fair market value of the stock units on the date of issuance. Upon vesting, Marriott RSUs convert to shares which we distribute from treasury shares. We also issue service and performance Marriott RSUs ("S&P RSUs") to named executive officers under the Stock Plan. In addition to generally being subject to pro-rata annual vesting conditioned on continued service consistent with the standard form of Marriott RSUs, Marriott S&P RSUs are also subject to the satisfaction of a performance condition, expressed as an EBITDA goal, for a fiscal year during the applicable service vesting period. The following information on RSUs includes S&P RSUs.

We had deferred compensation costs for RSUs of approximately $102 million at year-end 2013 and $111 million at year-end 2012. The weighted average remaining term for RSU grants outstanding at year-end 2013 was two years.

The following table provides additional information on Marriott RSUs for the last three fiscal years:



	2013		2012		2011
Share-based compensation expense (in millions)	$	101	$	83	$	90
Weighted average grant-date fair value (per Marriott RSU)	$	38	$	35	$	40
Aggregate intrinsic value of converted and distributed Marriott RSUs (in millions)	$	125	$	91	$	113

The following table shows the 2013 changes in our outstanding Marriott RSU grants and the associated weighted average grant-date fair values:



	Number of Marriott RSUs (in millions)		Weighted Average Grant-Date Fair Value (per RSU)
Outstanding at year-end 2012	7.4		$	31
Granted during 2013 ⁽²⁾	2.7		38
Distributed during 2013	(3.0	)	29
Forfeited during 2013	(0.3	)	34
Outstanding at year-end 2013 ⁽¹⁾	6.8		$	35


⁽¹⁾	Includes 0.2 million Marriott RSUs held by MVW employees.


⁽²⁾	Includes 0.2 million S&P RSUs granted to named executive officers.

Stock Options and SARs

We may grant employee stock options to officers and key employees at exercise prices or strike prices that equal the market price of our common stock on the grant date. Non-qualified options generally expire 10 years after the grant date, except those we issued from 1990 through 2000, which expire 15 years after their grant date. Most stock options under the Stock Option Program may be exercised in cumulative installments of one quarter at the end of each of the first four years following the grant date.

We recognized compensation expense for employee stock options of $2 million in 2013, $1 million in 2012, and less than $1 million in 2011. We had deferred compensation costs for employee stock options of $2 million at year-end 2013 and $3 million at year-end 2012. When holders exercise Marriott stock options we issue shares from treasury shares.

The following table shows the 2013 changes in our outstanding Marriott Stock Option Program awards and the associated weighted average exercise prices:



	Number of Marriott Stock Options (in millions)		Weighted Average Exercise Price (per Option)
Outstanding at year-end 2012	9.5		$	19
Granted during 2013	0.1		39
Exercised during 2013	(5.0	)	17
Forfeited during 2013	—		46
Outstanding at year-end 2013 ⁽¹⁾	4.6		$	22


⁽¹⁾	Includes 0.1 million Marriott stock options held by MVW employees.

The following table shows the Marriott stock options issued under the Stock Option Program awards outstanding at year-end 2013, as well as those exercisable on that date (those where the exercise price was less than the market price of our common stock on that date):



					Outstanding				Exercisable
Range of Exercise Prices					Number of Stock Options (in millions)	Weighted Average Exercise Price (per Option)		Weighted Average Remaining Life (in years)	Number of Stock Options (in millions)	Weighted Average Exercise Price (per Option)		Weighted Average Remaining Life (in years)
$	13	to	$	17	2.5	$	16	1	2.5	$	16	1
18		to	22		0.6	22		1	0.6	22		1
23		to	46		1.5	32		4	1.1	30		3
13		to	46		4.6	22		2	4.2	21		2

The following table shows the number of Marriott stock options we granted in the last three fiscal years and the associated weighted average grant-date fair values and weighted average exercise prices:



	2013		2012		2011
Options granted	96,960		255,761		19,192
Weighted average grant-date fair value (per option)	$	13	$	12	$	15
Weighted average exercise price (per option)	$	39	$	35	$	38

The following table shows the intrinsic value (the amount by which the market price of the underlying common stock exceeded the aggregate exercise price of the stock option) of all outstanding Marriott stock options and of exercisable Marriott stock options at year-end 2013 and 2012:



($ in millions)	2013		2012
Outstanding stock options	$	126	$	169
Exercisable stock options	121		168

Marriott stock options exercised during the last three years had total intrinsic values of approximately $131 million in 2013, $158 million in 2012, and $124 million in 2011.

We may grant Marriott SARs to officers and key employees ("Employee SARs") at base values (exercise prices or strike prices) equal to the market price of our common stock on the grant date. Employee SARs 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. We may grant Marriott SARs to directors ("Director SARs") at exercise prices or strike prices equal to the market price of our common stock on the grant date. Director SARs generally expire ten years after the date of grant and vest upon grant; however, they are generally not exercisable until one year after grant. On exercise of Marriott SARs, holders receive the number of shares of our common stock equal to the number of SARs that are being exercised multiplied by the quotient of (a) the final value minus the base value, divided by (b) the final value.

We recognized compensation expense for Employee SARs and Director SARs of $12 million in 2013, $9 million in 2012, and $12 million in 2011. We had deferred compensation costs related to SARs of approximately $4 million in 2013 and $8 million in 2012. Upon the exercise of Marriott SARs, we issue shares from treasury shares.

The following table shows the 2013 changes in our outstanding Marriott SARs and the associated weighted average exercise prices:



	Number of SARs (in millions)		Weighted Average Exercise Price
Outstanding at year-end 2012	6.2		$	31
Granted during 2013	0.7		39
Exercised during 2013	(0.5	)	30
Forfeited during 2013	—		41
Outstanding at year-end 2013 ⁽¹⁾	6.4		$	32


⁽¹⁾	Includes 0.2 million Marriott SARs held by MVW employees.

The following tables show the number of Employee Marriott SARs and Director Marriott SARs we granted in the last three fiscal years, the associated weighted average exercise prices, and the associated weighted average grant-date fair values:



Employee Marriott SARs	2013		2012		2011
Employee Marriott SARs granted (in millions)	0.7		1.0		0.7
Weighted average exercise price (per SAR)	$	39	$	35	$	38
Weighted average grant-date fair value (per SAR)	$	13	$	12	$	14
Director Marriott SARs	2013		2012		2011
Director Marriott SARs granted	5,903		5,915		—
Weighted average exercise price (per SAR)	$	44	$	39	$	—
Weighted average grant-date fair value (per SAR)	$	15	$	14	$	—

Outstanding Marriott SARs had total intrinsic values of $111 million at year-end 2013 and $37 million at year-end 2012. Exercisable Marriott SARs had total intrinsic values of $82 million at year-end 2013 and $24 million at year-end 2012. Marriott SARs exercised during 2013 had total intrinsic values of $6 million and Marriott SARs exercised in 2012 had total intrinsic values of $2 million.

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 to employees and non-employee directors in 2013 and 2012, and to employees in 2011 (we did not grant SARs to non-employee directors in 2011):



	2013		2012		2011
Expected volatility	30 - 31%		31	%	32	%
Dividend yield	1.17	%	1.01	%	0.73	%
Risk-free rate	1.8 - 1.9%		1.7 - 2.0%		3.4	%
Expected term (in years)	8 - 10		8 - 10		8

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.

Deferred Stock Units

We also issue Marriott deferred stock units to non-employee directors. These non-employee director deferred stock units vest within one year and are distributed upon election.

The following table shows the share-based compensation expense, the number of deferred stock units we granted, the weighted average grant-date fair value, and the aggregate intrinsic value for the last three fiscal years for non-employee director Marriott deferred stock units:



	2013		2012		2011
Share-based compensation expense (in millions)	$	1.4	$	1.2	$	1.1
Non-employee director deferred stock units granted	31,000		27,000		29,000
Weighted average grant-date fair value (per share)	$	44	$	39	$	36
Aggregate intrinsic value of shares distributed (in millions)	$	0.7	$	1.0	$	1.4

We had 261,000 outstanding non-employee Marriott deferred stock units at year-end 2013, and 245,000 outstanding at year-end 2012. The weighted average grant-date fair value of those outstanding deferred stock units was $22 for 2013 and $27 for 2012.

Adjustments for the Timeshare Spin-off

Effective with the spin-off (see Footnote No. 15, "Spin-off," for further information), each holder of Marriott RSUs, stock options, and SARs on the November 10, 2011 record date for the spin-off received MVW RSUs, MVW stock options and/or MVW SARs, as applicable, consistent with the distribution ratio of one share of MVW common stock for every ten shares of Marriott common stock, with terms and conditions substantially similar to the terms and conditions applicable to the Marriott RSUs, stock options and SARs. In order to preserve the aggregate intrinsic value of the Marriott stock options and SARs those persons held, we adjusted the exercise prices of our awards by using the proportion of the Marriott ex-distribution closing stock price to the sum of the Marriott ex-distribution and MVW when issued closing stock prices on the distribution date. We accounted for these adjustments, which were designed to equalize the fair value of each award before and after spin-off, as modifications to the original awards. Comparing the fair value of the modified awards with the fair value of the original awards immediately before the modification did not yield incremental value. Accordingly, we did not record any incremental compensation expense as a result of the modifications to the awards on the spin-off date.

The equity award adjustments that occurred as a result of the spin-off also did not significantly impact our share-based compensation expense. Deferred compensation costs as of the date of spin-off reflected the unamortized balance of the original grant date fair value of the equity awards held by Marriott employees (regardless of whether those awards are linked to Marriott stock or MVW stock). MVW employees who participated in the Stock Plan before the spin-off continued to hold their Marriott granted awards as non-employees after the spin-off. We do not record any share-based compensation expense for these unvested awards held by MVW employees after the spin-off.

Other Information

At year-end 2013, we reserved 32 million shares under the Stock Plan, including 11 million shares under the Stock Option Program and the SAR Program.

Fair Value of Financial Instruments

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

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:



	At Year-End 2013						At Year-End 2012
($ in millions)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Cost method investments	$	16		$	17		$	21		$	23
Senior, mezzanine, and other loans	142			145			180			172
Marketable securities and other debt securities	111			111			56			56
Total long-term financial assets	$	269		$	273		$	257		$	251

Senior Notes	$	(2,185	)	$	(2,302	)	$	(1,833	)	$	(2,008	)
Commercial paper	(834		)	(834		)	(501		)	(501		)
Other long-term debt	(123		)	(124		)	(130		)	(139		)
Other long-term liabilities	(50		)	(50		)	(69		)	(69		)
Total long-term financial liabilities	$	(3,192	)	$	(3,310	)	$	(2,533	)	$	(2,717	)

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 (losses) 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 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 year-end 2013 was $41 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 $70 million at year-end 2013, including accrued interest income), and we include it in the "Marketable securities and other debt securities" caption in the preceding table. We estimated the $70 million fair value of this security by discounting cash flows using risk-adjusted rates, both of which are Level 3 inputs. This security matures in 2015 subject to annual extensions through 2018. We do not intend to sell this 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 at 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 (losses) and other income" caption of our Income Statement. This gain included recognition of unrealized gains that we previously recorded in other comprehensive income. See Footnote No. 12, "Comprehensive Income and Shareholders' (Deficit) Equity" 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. 10, "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 year-end 2013 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 the "Guarantees" caption of Footnote No. 1, "Summary of Significant Accounting Policies," 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 year-end 2013 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” for more information on the input levels we use in determining fair value.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 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:



	2013		2012		2011
(in millions, except per share amounts)
Computation of Basic Earnings Per Share
Net income	$	626	$	571	$	198
Weighted average shares outstanding	305.0		322.6		350.1
Basic earnings per share	$	2.05	$	1.77	$	0.56
Computation of Diluted Earnings Per Share
Net income	$	626	$	571	$	198
Weighted average shares outstanding	305.0		322.6		350.1
Effect of dilutive securities
Employee stock option and SARs plans	4.0		6.1		8.0
Deferred stock incentive plans	0.8		0.9		0.9
Restricted stock units	3.2		3.3		3.3
Shares for diluted earnings per share	313.0		332.9		362.3
Diluted earnings per share	$	2.00	$	1.72	$	0.55

We compute the effect of dilutive securities using the treasury stock method and average market prices during the period. We have excluded the following antidilutive stock options and SARs in our calculation of diluted earnings per share because their exercise prices were greater than the average market prices for the applicable periods:


(a)	for 2013, 0.4 million options and SARs;


(b)	for 2012, 1.0 million options and SARs; and


(c)	for 2011, 4.1 million options and SARs.

Property, Plant and Equipment [Abstract]

The entire disclosure for earnings per share.

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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property and Equipment

PROPERTY AND EQUIPMENT

The following table shows the composition of our property and equipment balances at year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Land	$	535		$	590
Buildings and leasehold improvements	786			703
Furniture and equipment	789			854
Construction in progress	338			383
	2,448			2,530
Accumulated depreciation	(905		)	(991		)
	$	1,543		$	1,539

The following table shows the composition of these property and equipment balances that we recorded as capital leases:



($ in millions)	At Year-End 2013			At Year-End 2012
Land	$	8		$	30
Buildings and leasehold improvements	68			143
Furniture and equipment	37			38
Construction in progress	1			4
	114			215
Accumulated depreciation	(83		)	(82		)
	$	31		$	133

We record property and equipment at cost, including interest and real estate taxes we incur during development and construction. Interest we capitalized as a cost of property and equipment totaled $31 million in 2013, $27 million in 2012, and $12 million in 2011. We capitalize the cost of improvements that extend the useful life of property and equipment when we incur them. These capitalized costs may include structural costs, equipment, fixtures, floor, and wall coverings. We expense all repair and maintenance costs when we incur them. We compute depreciation using the straight-line method over the estimated useful lives of the assets (three to 40 years), and we amortize leasehold improvements over the shorter of the asset life or lease term. Our depreciation expense totaled $107 million in 2013, $93 million in 2012, and $130 million in 2011 (including reimbursed costs of $48 million in 2013, $45 million in 2012, and $43 million in 2011). We included amortization of assets recorded under capital leases in depreciation expense.

See Footnote No. 15, "Spin-off" for additional information on the $68 million property and equipment impairment charge we recorded in 2011 as part of the Timeshare strategy-impairment charges.

Goodwill and Intangible Assets Disclosure [Abstract]

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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ACQUISITIONS AND DISPOSITIONS	12 Months Ended
ACQUISITIONS AND DISPOSITIONS	Dec. 31, 2013
Acquisitions and Dispositions [Abstract]
Acquisitions and Dispositions	ACQUISITIONS AND DISPOSITIONS 2013 Acquisition On October 4, 2013, we acquired a North American Full-Service managed property which we plan to renovate for a total of $115 million in cash and recognized the related property and equipment. Planned Acquisition as of Year-End 2013 Late in the 2013 fourth quarter, we entered into a definitive agreement with Protea Hospitality Holdings ("Protea Hospitality") of Cape Town, South Africa to acquire Protea Hotels' brands and hotel management business for approximately $186 million (2.02 billion rand). As part of the transaction, Protea Hospitality will create a property ownership company to retain ownership of the hotels it currently owns, and it will enter into long-term management and lease agreements with Marriott for these hotels. It would also retain a number of minority interests in other Protea-managed hotels. Once the transaction closes, we expect to add over 100 hotels (over 10,000 rooms) across three brands in South Africa and six other Sub-Saharan African countries to our International full-service portfolio. We expect to manage approximately 45 percent of the rooms, franchise approximately 39 percent of the rooms, and lease approximately 16 percent of the rooms. The transaction, which we expect will close at the beginning of the 2014 second quarter, remains subject to regulatory approvals and other customary closing conditions. Planned Dispositions as of Year-End 2013 In the beginning of the 2014 first quarter, we sold The London EDITION to a third party, received approximately $240 million in cash, and simultaneously entered into definitive agreements to sell The Miami and The New York EDITION hotels that we are currently developing to the same third party. The total sales price for the three EDITION hotels will be $815 million, approximately equal to the aggregate estimated development costs of the three hotels. At year-end 2013, we had $244 million in Luxury segment assets related to The London EDITION ($236 million in property and equipment and $8 million in current assets) classified in the "Assets held for sale" caption and $13 million in Luxury segment liabilities classified in liabilities held for sale within the "Other current liabilities" caption of the Balance Sheet. We expect to sell The Miami EDITION in the second half of 2014 and The New York EDITION in the first half of 2015, when we anticipate that construction will be complete. We will retain long-term management agreements for each of the three hotels sold. 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. In the 2013 fourth quarter, we entered into an agreement to sell our right to acquire the landlord’s interest in a leased real estate property and certain attached assets of the property. We subsequently reclassified the related $106 million (€77 million) in International segment assets ($105 million (€76 million) in property and equipment and $1 million (€1 million) in current assets) to the "Assets held for sale" caption of the Balance Sheet and $48 million (€35 million) in International segment liabilities to liabilities held for sale within the "Other current liabilities" caption of the Balance Sheet as of year-end 2013. We recognized an impairment loss of $2 million (€2 million) in the "Gains (losses) and other income" caption of our Income Statement as a result of measuring the assets at fair value less costs to sell. After year-end 2013, we sold the right and attached assets for $62 million (€45 million) in cash and the assumption of $45 million (€33 million) of related obligations. We will continue to operate the property under a long-term management agreement. 2012 Acquisitions In 2012, we entered into a definitive agreement with Gaylord Entertainment Company (subsequently renamed Ryman Hospitality Properties, Inc.) ("Ryman Hospitality") to acquire the Gaylord brand and hotel management company. On September 25, 2012, Ryman Hospitality's shareholders approved its conversion into a real estate investment trust. On October 1, 2012, we acquired the Gaylord Hotels brand and hotel management company for $210 million in cash and recognized $210 million in intangible assets at the acquisition date, primarily reflecting deferred contract acquisition costs. Ryman Hospitality continues to own the Gaylord hotels, which we manage under the Gaylord brand under long-term management agreements. This transaction added four hotels and approximately 7,800 rooms to our North American Full-Service segment, and included our entering into management agreements for several attractions at the Gaylord Opryland in Nashville, consisting of a showboat, a golf course, and a saloon. As part of the transaction, on December 1, 2012 we also assumed management of another hotel owned by Ryman Hospitality, the Inn at Opryland, with approximately 300 rooms. In the 2012 fourth quarter, we acquired land for $32 million in cash that we expect will be developed into a hotel. Earlier in 2012, we also acquired land and a building we plan to develop into a hotel for $160 million in cash. In conjunction with the latter acquisition, we had also made a cash deposit of $6 million late in 2011. 2012 Dispositions In 2012, we completed the sale of our equity interest in a North American Limited-Service joint venture (formerly two joint ventures which were merged before the sale) and we amended certain provisions of the management agreements for the underlying hotel portfolio. As a result of this transaction, we received cash proceeds of $96 million, including $30 million of proceeds which is refundable by us over the term of the management agreements if the hotel portfolio does not meet certain quarterly hotel performance thresholds. To the extent the hotel portfolio meets the quarterly hotel performance thresholds, we will recognize the $30 million of proceeds over the remaining term of the management agreements as base fee revenue. In 2012, we recognized a gain of $41 million, which consisted of: (1) $20 million of gain that we deferred in 2005 because we retained the equity interest following the original sale of land to one of the joint ventures and because there were contingencies for the 2005 transaction that expired with this sale; and (2) $21 million of gain on the sale of the equity interest. We also recognized base management fee revenue totaling $7 million, most of which we had deferred in earlier periods, but which we earned in conjunction with the sale. We also sold our ExecuStay corporate housing business in 2012. Neither the sales price nor the gain we recognized was material to our results of operations and cash flows. The revenues, results of operations, assets, and liabilities of our ExecuStay business also were not material to our financial position, results of operations or cash flows for any of the periods presented, and accordingly we have not reflected ExecuStay as a discontinued operation. 2011 Acquisitions In 2011, we contributed approximately $51 million (€37 million) in cash for the intellectual property and associated 50 percent interests in two new joint ventures formed for the operation, management, and development of AC Hotels by Marriott, initially in Europe but eventually in other parts of the world. The hotels are managed by the joint ventures or franchised at the direction of the joint ventures. As we note in Footnote No. 13, “Contingencies,” we have a right and, in some circumstances, an obligation to acquire the remaining interest in the joint ventures over the next seven years. In 2011, we acquired certain assets and a leasehold on a hotel for an initial payment of $34 million (€25 million) in cash plus fixed annual rent. See Footnote No. 17, “Leases,” for more information. As we note in Footnote No. 13, “Contingencies,” we also had a right and, in some circumstances, an obligation to acquire the landlord’s interest in the real estate property and certain attached assets of this hotel for $45 million (€33 million). As discussed in the "Planned Dispositions as of Year-End 2013" caption, after year-end 2013, we sold that right and certain attached assets. 2011 Dispositions On November 21, 2011, we completed the spin-off of our timeshare operations and timeshare development business through a special tax-free dividend to our shareholders of all of the issued and outstanding common stock of our then wholly owned subsidiary MVW. The dividend consisted of a pro rata distribution of one share of MVW common stock for every ten shares of Marriott common stock to our shareholders of record at the close of business on November 10, 2011. We recognized no gain or loss as a result of the spin-off. See Footnote No. 15, "Spin-off," for more information. In 2011, we completed a bulk sale of land and developed inventory for net cash proceeds of $17 million and recorded a net gain of $2 million, which we included in the results of our former Timeshare segment. In 2011, we also sold our 11 percent interest in one hotel, concurrently terminated the associated lease agreement, and entered into a long-term management agreement. Cash proceeds totaled $1 million, and we recognized a $2 million loss. We accounted for our sale of the 89 percent interest in 1999 under the financing method and reflected the sales proceeds received in 1999 as long-term debt. In conjunction with the 2011 sale of the remaining 11 percent interest, our assets decreased by $19 million and liabilities decreased by $17 million.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

The following table details the composition of our other intangible assets at year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Contract acquisition costs and other	$	1,554		$	1,512
Accumulated amortization	(423		)	(397		)
	$	1,131		$	1,115

We capitalize both direct and incremental costs that we incur to acquire management, franchise, and license agreements. We amortize these costs on a straight-line basis over the initial term of the agreements, ranging from 15 to 30 years. Our amortization expense totaled $68 million in 2013, $54 million in 2012, and $57 million in 2011. Our estimated aggregate amortization expense for each of the next five fiscal years is as follows: $59 million for 2014; $59 million for 2015; $59 million for 2016; $59 million for 2017; and $59 million for 2018.

The following table details the carrying amount of our goodwill at year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Goodwill	$	928		$	928
Accumulated impairment losses	(54		)	(54		)
	$	874		$	874

Self-Insurance Reserve for Losses and Loss Adjustment Expenses Disclosure [Abstract]

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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NOTES RECEIVABLE

12 Months Ended

Dec. 31, 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 year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Senior, mezzanine, and other loans	$	178		$	242
Less current portion	(36		)	(62		)
	$	142		$	180

We classify notes receivable due within one year as current assets in the caption “Accounts and notes receivable” in our Balance Sheets.

The following table shows the expected future principal payments (net of reserves and unamortized discounts) as well as interest rates and unamortized discounts for our notes receivable as of year-end 2013:



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2014	$	36
2015	85
2016	4
2017	3
2018	5
Thereafter	45
Balance at year-end 2013	$	178
Weighted average interest rate at year-end 2013	4.6		%
Range of stated interest rates at year-end 2013	0 to 8.0%

The following table shows the unamortized discounts for our notes receivable as of year-end 2013 and 2012:



Notes Receivable Unamortized Discounts ($ in millions)	Amount
Balance at year-end 2012	$	11
Balance at year-end 2013	$	12

Senior, Mezzanine, and Other Loans

Generally, all of the loans we make have similar characteristics in that they are loans to owners and operators of hotels and hospitality properties. We reflect interest income for “Senior, mezzanine, and other loans” in the “Interest income” caption in our Income Statements. At year-end 2013, our recorded investment in impaired “Senior, mezzanine, and other loans” was $99 million. We had a $90 million notes receivable reserve representing an allowance for credit losses, leaving $9 million of our investment in impaired loans, for which we had no related allowance for credit losses. 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 $96 million during 2013, $94 million during 2012, and $89 million during 2011.

The following table summarizes the activity for our “Senior, mezzanine, and other loans” notes receivable reserve for 2011, 2012, and 2013:



($ in millions)	Notes Receivable Reserve
Balance at year-end 2010	$	74
Additions	2
Write-offs	(7		)
Transfers and other	9
Balance at year-end 2011	78
Additions	2
Reversals	(1		)
Write-offs	(1		)
Transfers and other	1
Balance at year-end 2012	79
Reversals	(2		)
Transfers and other	13
Balance at year-end 2013	$	90

Past due senior, mezzanine, and other loans totaled zero at year-end 2013 and $7 million at year-end 2012.

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

LONG-TERM DEBT

We provide detail on our long-term debt balances at year-end 2013 and 2012 in the following table:



($ in millions)	At Year-End 2013			At Year-End 2012
Senior Notes:
Series G, interest rate of 5.8%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.7%)⁽¹⁾	$	312		$	309
Series H, interest rate of 6.2%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.4%)⁽¹⁾	289			289
Series I, interest rate of 6.4%, face amount of $293, maturing June 15, 2017 (effective interest rate of 6.5%)⁽¹⁾	292			292
Series J, matured February 15, 2013	—			400
Series K, interest rate of 3.0%, face amount of $600, maturing March 1, 2019 (effective interest rate of 4.4%)⁽¹⁾	595			594
Series L, interest rate of 3.3%, face amount of $350, maturing September 15, 2022 (effective interest rate of 3.4%)⁽¹⁾	349			349
Series M, interest rate of 3.4%, face amount of $350, maturing October 15, 2020 (effective interest rate of 3.6%)⁽¹⁾	348			—
Commercial paper, average interest rate of 0.4% at December 31, 2013	834			501
$2,000 Credit Facility	—			15
Other	180			186
	3,199			2,935
Less current portion classified in:
Other current liabilities (liabilities held for sale)	(46		)	—
Current portion of long-term debt	(6		)	(407		)
	$	3,147		$	2,528


⁽¹⁾	Face amount and effective interest rate are as of year-end 2013.

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 third quarter, we issued $350 million aggregate principal amount of 3.4 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.

In 2012, we issued $350 million aggregate principal amount of 3.3 percent Series L Notes due 2022 (the "Series L Notes"). We received net proceeds of approximately $346 million from the offering, after deducting the underwriting discount and estimated expenses. We pay interest on the Series L Notes on March 15 and September 15 of each year, and we made our first interest payment on March 15, 2013. The Notes will mature on September 15, 2022, and we may redeem them, in whole or in part, at our option.

In 2012, we also issued $600 million aggregate principal amount of 3.0 percent Series K Notes due 2019 (the "Series K Notes") in two offerings, one for $400 million and a follow on for $200 million. We received total net proceeds of approximately $590 million from these offerings, after deducting underwriting discounts and estimated expenses. We pay interest on the Series K Notes on March 1 and September 1 of each year, and we made our first interest payment on September 1, 2012. The Notes will mature on March 1, 2019, and we may redeem them, in whole or in part, at our option.

We issued the Series M Notes, Series L Notes, and the Series K 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.

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 2012, we made a $356 million cash payment of principal and interest to retire, at maturity, all of our outstanding Series F Notes.

We are party to a multicurrency revolving credit agreement (the “Credit Facility”) that provides for $2,000 million of aggregate borrowings to support general corporate needs, including working capital, capital expenditures, and letters of credit. The Credit Facility expires on July 18, 2018. 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 also based on our public debt rating. While any outstanding commercial paper borrowings and/or borrowings under our Credit Facility generally have short-term maturities, we classify the outstanding borrowings as long-term based on our ability and intent to refinance the outstanding borrowings on a long-term basis.

We show future principal payments (net of unamortized discounts) for our debt in the following table:



Debt Principal Payments (net of unamortized discounts) ($ in millions)	Amount
2014	$	52
2015	319
2016	297
2017	301
2018	843
Thereafter	1,387
Balance at year-end 2013	$	3,199

We paid cash for interest, net of amounts capitalized, of $83 million in 2013, $83 million in 2012, and $130 million in 2011.

SELF-INSURANCE RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES

12 Months Ended

Dec. 31, 2013

Self-Insurance Reserve for Losses and Loss Adjustment Expenses

SELF-INSURANCE RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES

The following table summarizes the activity in our self-insurance reserve for losses and loss adjustment expenses for the last two fiscal years:



($ in millions)	2013			2012
Balance at beginning of year	$	342		$	330
Less: reinsurance recoverable	(5		)	(5		)
Net balance at beginning of year	337			325
Incurred related to:
Current year	116			108
Prior year	8			(11		)
Total incurred	124			97
Paid related to:
Current year	(25		)	(28		)
Prior year	(79		)	(57		)
Total paid	(104		)	(85		)
Net balance at end of year	357			337
Add: reinsurance recoverable	5			5
Balance at end of year	$	362		$	342

Our provision for incurred losses relating to the current year increased by $8 million over 2012 primarily due to an increase in medical benefit costs and growth in business activity. Our provision for incurred losses relating to prior years increased by $8 million in 2013 and decreased by $11 million in 2012 as a result of changes in estimates from insured events from prior years due to changes in underwriting experience and frequency and severity trends. Our year-end 2013 self-insurance reserve of $362 million consisted of a current portion of $120 million and long-term portion of $242 million. Our year-end 2012 self-insurance reserve of $342 million consisted of a current portion of $103 million and long-term portion of $239 million.

COMPREHENSIVE INCOME AND SHAREHOLDERS’ (DEFICIT) EQUITY

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Comprehensive Income and Shareholders' (Deficit) Equity

COMPREHENSIVE INCOME AND SHAREHOLDERS’ (DEFICIT) EQUITY

The following table details the accumulated other comprehensive income (loss) activity for 2013, 2012, and 2011:



($ in millions)	Foreign Currency Translation Adjustments			Other Derivative Instrument Adjustments ⁽¹⁾			Unrealized Gains (Losses) on Available-For-Sale Securities ⁽²⁾			Accumulated Other Comprehensive Loss
Balance at year-end 2010	$	(4	)	$	2		$	—		$	(2	)
Other comprehensive loss before reclassifications	(31		)	(20		)	(3		)	(54		)
Amounts reclassified from accumulated other comprehensive loss	(2		)	—			10			8
Net other comprehensive (loss) income	(33		)	(20		)	7			(46		)
Balance at year-end 2011	$	(37	)	$	(18	)	$	7		$	(48	)
Other comprehensive income (loss) before reclassifications	4			(2		)	—			2
Amounts reclassified from accumulated other comprehensive loss	1			1			—			2
Net other comprehensive income (loss)	5			(1		)	—			4
Balance at year-end 2012	$	(32	)	$	(19	)	$	7		$	(44	)
Other comprehensive income before reclassifications	1			—			5			6
Amounts reclassified from accumulated other comprehensive loss	—			—			(6		)	(6		)
Net other comprehensive loss	1			—			(1		)	—
Balance at year-end 2013	$	(31	)	$	(19	)	$	6		$	(44	)


⁽¹⁾	We present the portions of other comprehensive income (loss) before reclassifications that relate to other derivative instrument adjustments net of deferred taxes of $1 million for 2012 and deferred tax benefits of $14 million for 2011.


⁽²⁾	We present the portions of other comprehensive income (loss) before reclassifications that relate to unrealized gains (losses) on available-for-sale securities net of deferred taxes of $2 million for 2013 and $4 million for 2012.

The following table details the effect on net income of significant amounts reclassified out of accumulated other comprehensive loss for 2013:



($ in millions)	Amounts Reclassified from Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss Components	2013			Income Statement Line(s) Item Affected
Other derivative instrument adjustments
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	3		Base management and franchise fees
Interest rate contracts	(5		)	Interest expense
	(2		)	Income before income taxes
	2			Provision for income taxes
Other, net	$	—		Net income
Unrealized gains on available-for-sale securities
Sale of an available-for-sale security	$	10		Gains and other income
	10			Income before income taxes
	(4		)	Provision for income taxes
	$	6		Net income

Our restated certificate of incorporation authorizes 800 million shares of our common stock, with a par value of $.01 per share and 10 million shares of preferred stock, without par value. At year-end 2013, we had 298 million of these authorized shares of our common stock and no preferred stock outstanding.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

Commitments and Contingencies Disclosure [Abstract]

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+ Details

CONTINGENCIES

12 Months Ended

Dec. 31, 2013

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 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 year-end 2013 in the following table:



($ in millions) Guarantee Type	Maximum Potential Amount of Future Fundings		Liability for Guarantees
Debt service	$	83	$	4
Operating profit	99		40
Other	17		2
Total guarantees where we are the primary obligor	$	199	$	46

We included our liability at year-end 2013 for guarantees for which we are the primary obligor in our Balance Sheet as follows: $2 million in “Other current liabilities” and $44 million in the “Other long-term liabilities.”

Our guarantees listed in the preceding table include $20 million of debt service guarantees, $11 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:

•

$102 million of guarantees for Senior Living Services lease obligations of $75 million (expiring in 2018) and lifecare bonds of $27 million (estimated to expire in 2016), for which we are secondarily liable. Sunrise Senior Living, Inc. (“Sunrise”) is the primary obligor on both the leases and $4 million of the lifecare bonds; HCP, Inc., as successor by merger to CNL Retirement Properties, Inc. (“CNL”), is the primary obligor on $22 million of the lifecare bonds; and Five Star Senior Living is the primary obligor on the remaining $1 million of lifecare bonds. Before we sold the Senior Living Services business in 2003, these were our guarantees of obligations of our then consolidated Senior Living Services subsidiaries. Sunrise and CNL have indemnified us for any fundings we may be called upon to make under these guarantees. Our liability for these guarantees had a carrying value of $3 million at year-end 2013. In 2011 Sunrise provided us with $3 million of cash collateral to cover potential exposure under the existing lease and bond obligations for 2012 and 2013. In conjunction with our consent of the extension in 2011 of certain lease obligations for an additional five-year term until 2018, Sunrise provided us an additional $1 million cash collateral and an $85 million letter of credit issued by Key Bank to secure our exposure under the lease guarantees for the continuing leases during the extension term and certain other obligations of Sunrise. During the extension term, Sunrise agreed to make an annual payment to us from the cash flow of the continuing lease facilities, subject to a $1 million annual minimum. In the 2013 first quarter, Sunrise merged with Health Care REIT, Inc., and Sunrise's management business was acquired by an entity formed by affiliates of Kohlberg Kravis Roberts & Co. LP, Beecken Petty O'Keefe & Co., Coastwood Senior Housing Partners LLC, and Health Care REIT. In conjunction with this acquisition, Sunrise funded an additional $2 million cash collateral and certified that the $85 million letter of credit remains in full force and effect.

•

Lease obligations, for which we became secondarily liable when we acquired the Renaissance Hotel Group N.V. in 1997, consisting of annual rent payments of approximately $6 million and total remaining rent payments through the initial term of approximately $35 million. Most of these obligations expire by the end of 2020. CTF Holdings Ltd. (“CTF”) had originally provided €35 million in cash collateral in the event that we are required to fund under such guarantees, approximately $5 million (€4 million) of which remained at year-end 2013. Our exposure for the remaining rent payments through the initial term will decline to the extent that CTF obtains releases from the landlords or these hotels exit the system. Since the time we assumed these guarantees, we have not funded any amounts, and we do not expect to fund any amounts under these guarantees in the future.

•

Certain guarantees and commitments relating to the timeshare business, which were outstanding at the time of the 2011 Timeshare spin-off and for which we became secondarily liable as part of the spin-off. These MVW payment obligations, for which we currently have a total exposure of $17 million, relate to various letters of credit and several other guarantees. MVW has indemnified us for these obligations. At year-end 2013, we expect these obligations will expire as follows: $2 million in 2014, $3 million in 2017, and $12 million (16 million Singapore Dollars) in 2022. We have not funded any amounts under these obligations, and do not expect to do so in the future. Our liability for these obligations had a carrying value of $2 million at year-end 2013. See Footnote No. 15 "Spin-off," for more information on the spin-off of our timeshare operations and timeshare development business.

•

A guarantee for a lease, originally entered into in 2000, for which we became secondarily liable in 2012 as a result of our sale of the ExecuStay corporate housing business to Oakwood Worldwide ("Oakwood"). Oakwood has indemnified us for the obligations under this guarantee. Our total exposure at year-end 2013 for this guarantee is $6 million in future rent payments through the end of the lease in 2019. Our liability for this guarantee had a carrying value of $1 million at year-end 2013.

•

A guarantee for two adjoining leases, originally entered into in 2000 and 2006, for which we became secondarily liable in the 2013 third quarter as a result of our assignment of the leases to Accenture LLP. Accenture is the primary obligor and has indemnified us for the obligations under these leases and the guarantee. Our total exposure at year-end 2013 is $6 million related to future rent payments through the end of the leases in 2017. After year-end 2013, we were released from this guarantee and are no longer secondarily liable.

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, at year-end 2013, we had the following commitments outstanding:

•

A commitment to invest up to $10 million of equity for a noncontrolling interest in a partnership that plans to purchase North American full-service and limited-service properties, or purchase or develop hotel-anchored mixed-use real estate projects. We expect to fund $8 million of this commitment as follows: $6 million in 2014 and $2 million in 2015. We do not expect to fund the remaining $2 million of this commitment.


•	A commitment to invest up to $23 million of equity for noncontrolling interests in partnerships that plan to purchase or develop limited-service properties in Asia. We expect to fund this commitment as follows: $15 million in 2014 and $8 million in 2015.


•	A commitment, with no expiration date, to invest up to $11 million in a joint venture for development of a new property. We expect to fund this commitment as follows: $8 million in 2014 and $3 million in 2015.


•	A commitment to invest $18 million in the renovation of a leased hotel. We expect to fund this commitment by the end of 2014.

•

We have a right and under certain circumstances an obligation to acquire our joint venture partner’s remaining 45 percent interest in two joint ventures over the next seven years at a price based on the performance of the ventures. We made a $12 million (€9 million) deposit in conjunction with this contingent obligation in 2011 and $8 million (€6 million) in deposits in 2012. In 2013, we acquired an additional five percent noncontrolling interest in each venture, applying $5 million (€4 million) of those deposits. The remaining deposits are refundable to the extent we do not acquire our joint venture partner’s remaining interests.

•

We had a right and under certain circumstances an obligation to acquire, for approximately $45 million (€33 million), the landlord’s interest in the real estate property and certain attached assets of a hotel that we lease. After year-end 2013, we sold that right and certain attached assets. See Footnote No. 7, "Acquisitions and Dispositions" for additional information on the sale and reclassification of the capital lease to assets held for sale as of year-end 2013.

•

Various commitments for the purchase of information technology hardware, software, as well as accounting, finance, and maintenance services in the normal course of business totaling $152 million. We expect to fund these commitments as follows: $107 million in 2014, $32 million in 2015, and $13 million in 2016. The majority of these commitments will be recovered through cost reimbursement charges to properties in our system.


•	Several commitments aggregating $35 million with no expiration date and which we do not expect to fund.


•	A commitment to invest up to $10 million under certain circumstances for additional mandatorily redeemable preferred equity ownership interest in an entity that owns three hotels. We may fund this commitment, which expires in 2015 subject to annual extensions through 2018; however, we have not yet determined the amount or timing of any potential funding.

•

A "put option" agreement we entered into after year-end 2013 with the lenders of a construction loan. On January 14, 2014, in conjunction with entering into a management agreement for the Times Square EDITION hotel in New York City (currently projected to open in 2017), and the hotel's ownership group obtaining acquisition financing and entering into agreements concerning future construction financing for the mixed use project (which includes both the hotel and adjacent retail space), we agreed to provide credit support to the lenders through a "put option" agreement. Under this agreement, we have granted the lenders the right, upon an uncured event of default by the hotel owner under, and an acceleration of, the mortgage loan, to require us to purchase the hotel component of the property during the first two years after opening for $315 million. The lenders may extend this period for up to three years to complete foreclosure if the loan has been accelerated and certain other conditions are met. While we cannot assure you that the lenders will not exercise this "put option," we believe that the likelihood of any exercise is remote. We do not have an ownership interest in this EDITION hotel.

At year-end 2013, we had $80 million of letters of credit outstanding ($79 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 year-end 2013, totaled $122 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 Marriott's defense of statute of limitations with respect to Mr. Bond and Mr. Steigman and completed discovery concerning class certification. We opposed plaintiffs' motion for class certification and sought summary judgment on the issue of statute of limitations in 2012. 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. On January 7, 2014, the court denied plaintiffs' motion for class certification, and issued a Scheduling Order for full discovery of the remaining issues in this case. 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 the number of parties for whom the claims may be pursued, 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.

The entire disclosure for commitments and contingencies.

+ References+ Details

BUSINESS SEGMENTS

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

We are a diversified lodging company with operations in four business segments:


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


•	North American Limited-Service, which includes the Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, and TownePlace Suites properties, located in the United States and Canada, and, before its sale in the 2012 second quarter, our Marriott ExecuStay corporate housing business;


•	International, which includes the Marriott Hotels, JW Marriott, Renaissance Hotels, Autograph Collection, Courtyard, AC Hotels by Marriott, Fairfield Inn & Suites, Residence Inn, and Marriott Executive Apartments properties located outside the United States and Canada; and


•	Luxury, which includes The Ritz-Carlton, Bulgari Hotels & Resorts, and EDITION properties worldwide (together with residential properties associated with some of The Ritz-Carlton hotels).

In addition, before the spin-off, our former Timeshare segment consisted of the timeshare operations and timeshare development business that we transferred to MVW in conjunction with the spin-off. We continue to include our former Timeshare segment's historical financial results for periods before the spin-off in our historical financial results as a component of continuing operations as reflected in the tables that follow. See Footnote No. 15, "Spin-off" for more information on the spin-off.

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, after the spin-off.

Revenues



($ in millions)	2013		2012		2011
North American Full-Service Segment	$	6,601	$	5,965	$	5,450
North American Limited-Service Segment	2,601		2,466		2,358
International Segment	1,522		1,330		1,278
Luxury Segment	1,794		1,765		1,673
Former Timeshare Segment	—		—		1,438
Total segment revenues	12,518		11,526		12,197
Other unallocated corporate	266		288		120
	$	12,784	$	11,814	$	12,317

Net Income



($ in millions)	2013			2012			2011
North American Full-Service Segment	$	451		$	407		$	351
North American Limited-Service Segment	478			472			382
International Segment	160			192			175
Luxury Segment	108			102			74
Former Timeshare Segment	—			—			(217		)
Total segment financial results	1,197			1,173			765
Other unallocated corporate	(203		)	(204		)	(302		)
Interest expense and interest income⁽¹⁾	(97		)	(120		)	(107		)
Income taxes	(271		)	(278		)	(158		)
	$	626		$	571		$	198


⁽¹⁾	The $164 million of interest expense shown on the Income Statement for year-end 2011 includes $43 million that we allocated to our former Timeshare segment.

Equity in Losses of Equity Method Investees



($ in millions)	2013			2012			2011
North American Full-Service Segment	$	4		$	2		$	1
North American Limited-Service Segment	3			2			(2		)
International Segment	(6		)	(2		)	(4		)
Luxury Segment	(4		)	(13		)	(10		)
Former Timeshare Segment	—			—			—
Total segment equity in losses	(3		)	(11		)	(15		)
Other unallocated corporate	(2		)	(2		)	2
	$	(5	)	$	(13	)	$	(13	)

Depreciation and Amortization



($ in millions)	2013		2012		2011
North American Full-Service Segment	$	45	$	38	$	31
North American Limited-Service Segment	21		16		23
International Segment	31		24		26
Luxury Segment	23		17		28
Former Timeshare Segment	—		—		29
Total segment depreciation and amortization	120		95		137
Other unallocated corporate	7		7		7
	$	127	$	102	$	144

Assets



($ in millions)	At Year-End 2013		At Year-End 2012
North American Full-Service Segment	$	1,662	$	1,517
North American Limited-Service Segment	470		492
International Segment	1,154		1,056
Luxury Segment	1,440		1,174
Total segment assets	4,726		4,239
Other unallocated corporate	2,068		2,103
	$	6,794	$	6,342

Equity Method Investments



($ in millions)	At Year-End 2013		At Year-End 2012
North American Full-Service Segment	$	13	$	13
North American Limited-Service Segment	44		44
International Segment	113		100
Luxury Segment	29		29
Total segment equity method investments	199		186
Other unallocated corporate	8		9
	$	207	$	195

Goodwill



($ in millions)	North American Full-Service Segment		North American Limited-Service Segment			International Segment		Luxury Segment		Total Goodwill
Year-end 2011 balance:
Goodwill	$	335	$	126		$	298	$	170	$	929
Accumulated impairment losses	—		(54		)	—		—		(54		)
	$	335	$	72		$	298	$	170	$	875
Year-end 2012 balance:
Goodwill	$	335	$	125		$	298	$	170	$	928
Accumulated impairment losses	—		(54		)	—		—		(54		)
	$	335	$	71		$	298	$	170	$	874
Year-end 2013 balance:
Goodwill	$	335	$	125		$	298	$	170	$	928
Accumulated impairment losses	—		(54		)	—		—		(54		)
	$	335	$	71		$	298	$	170	$	874

Capital Expenditures



($ in millions)	2013		2012		2011
North American Full-Service Segment	$	128	$	9	$	8
North American Limited-Service Segment	8		19		11
International Segment	37		38		52
Luxury Segment	181		306		40
Former Timeshare Segment	—		—		13
Total segment capital expenditures	354		372		124
Other unallocated corporate	50		65		59
	$	404	$	437	$	183

Segment expenses include selling expenses directly related to the operations of the businesses, aggregating $49 million in 2013, $53 million in 2012, and $354 million in 2011 (approximately 82 percent of which were for our former Timeshare segment for the period before the spin-off).

Our Financial Statements include the following related to operations located outside the United States for our segments:


1.	Revenues of $2,149 million in 2013, $1,912 million in 2012, and $1,945 million in 2011;


2.	Segment financial results of $269 million in 2013, $283 million in 2012, and $172 million in 2011. The 2013 segment financial results consisted of segment income of $91 million from Asia, $84 million from the Americas (excluding the United States), $50 million from Continental Europe, $26 million from the United Kingdom and Ireland, and $18 million from the Middle East and Africa; and

Fixed assets of $238 million in 2013 and $491 million in 2012. We include fixed assets located outside the United States at year-end 2013 and year-end 2012 in the “Property and equipment” caption in our Balance Sheets. Also, we had $341 million of fixed assets in 2013 classified in the "Assets held for sale" caption in our Balance Sheet. See Footnote No. 7, "Acquisitions and Dispositions" for more information.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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+ Details

SPIN-OFF

12 Months Ended

Dec. 31, 2013

Spin-off Disclosure [Abstract]

Spin-off

SPIN-OFF

On November 21, 2011, we completed a spin-off of our timeshare operations and timeshare development business through a special tax-free dividend to our shareholders of all of the issued and outstanding common stock of our then wholly owned subsidiary MVW. Marriott shareholders of record as of the close of business on November 10, 2011 received one share of MVW common stock for every ten shares of Marriott common stock. Neither we nor our shareholders recognize income, gain, or loss for federal income tax purposes as a result of the distribution of MVW common stock, except in the case of our shareholders for cash they received in lieu of fractional shares. As a result of the spin-off, MVW is an independent company whose common shares are listed on the New York Stock Exchange under symbol "VAC," and we no longer beneficially own any shares of MVW.

In connection with the spin-off, we entered into several agreements with MVW, and, in some cases, certain of its subsidiaries, that govern our post-spin-off relationship with MVW, including a Separation and Distribution Agreement, two License Agreements for the use of Marriott and Ritz-Carlton marks and intellectual property, an Employee Benefits and Other Employment Matters Allocation Agreement, a Tax Sharing and Indemnification Agreement, a Marriott Rewards Affiliation Agreement, and a Non-Competition Agreement. Under license agreements with us, MVW is both the exclusive developer and operator of timeshare, fractional, and related products under the Marriott brand and the exclusive developer of fractional and related products under The Ritz-Carlton brand. Under the license agreements we receive license fees consisting of a fixed annual fee of $50 million plus two percent of the gross sales price paid to MVW for initial developer sales of interest in vacation ownership units and residential real estate units and one percent of the gross sales price paid to MVW for resales of interests in vacation ownership units and residential real estate units, in each case that are identified with or use the Marriott or Ritz-Carlton marks. The license fee also includes a periodic inflation adjustment.

Following the spin-off, we no longer consolidate MVW's financial results as part of our financial reporting. However, because of our significant continuing involvement in MVW operations after the spin-off (by virtue of the license and other agreements between us and MVW), we continue to include our former Timeshare segment's historical financial results for periods before the spin-off in our historical financial results as a component of continuing operations.

Our shareholders' equity decreased by $1,162 million as a result of the spin-off of MVW. We show in the following table the components of the decrease, which was primarily noncash and principally consisted of the net book value of the net assets we contributed to MVW in the spin-off:



($ in millions)	2011
Cash and equivalents	$	52
Accounts and notes receivable	247
Inventory	982
Other current assets	293
Property and equipment and other	284
Loans to timeshare owners	987

Other current liabilities	(533		)
Current portion of long-term debt	(122		)
Long-term debt	(773		)
Other long-term liabilities	(255		)
SPIN-OFF OF MVW	$	1,162

In 2011, we recognized $34 million of transaction-related expenses for the spin-off. During the 2011 fourth quarter before the spin-off we also received net cash proceeds of: (1) approximately $122 million from a $300 million secured warehouse credit facility that MVW put in place to provide short-term financing for receivables originated in connection with the sale of timeshare interests, and (2) $38 million from our sale to third-party investors of preferred stock that a subsidiary of MVW issued to us. This distribution of approximately $160 million in cash before completion of the spin-off had no impact on our earnings.

Before the spin-off, management assessed the Timeshare segment's intended use of excess undeveloped land and built inventory and the then current market conditions for those assets. On September 8, 2011, management approved a plan for our former Timeshare segment to accelerate cash flow through the monetization of certain excess undeveloped land in the U.S., Mexico, and the Bahamas over the next 18 to 24 months and to accelerate sales of excess built luxury fractional and residential inventory over the next three years. As a result, under the guidance for accounting for the impairment or disposal of long-lived assets, because the nominal cash flows from the planned land sales and the estimated fair values of the land and excess built luxury inventory were less than their respective carrying values, we recorded a pre-tax noncash impairment charge of $324 million ($234 million after-tax) in our 2011 Income Statement under the "Timeshare strategy-impairment charges" caption which we allocated to our former Timeshare segment. The pre-tax noncash impairment charge consisted of a $256 million inventory impairment and a $68 million property and equipment impairment.

We estimated the fair value of the land by using recent comparable sales data for the land parcels, which we determined were Level 3 inputs. We estimated the fair value of the excess built luxury fractional and residential inventory using cash flow projections discounted at risk premiums commensurate with the market conditions of the related projects. We used Level 3 inputs for these discounted cash flow analyses and our assumptions included: growth rate and sales pace projections, additional sales incentives such as pricing discounts, and marketing and sales cost estimates.

See Footnote No. 18, "Timeshare Strategy-Impairment Charges" of the Notes to our Financial Statements in our 2011 Form 10-K for more information on these charges.

VARIABLE INTEREST ENTITIES

12 Months Ended

Dec. 31, 2013

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.

Variable interest entities related to our timeshare note securitizations

Before the spin-off, we periodically securitized, without recourse, through special purpose entities, notes receivable originated by our former Timeshare segment in connection with the sale of timeshare interval and fractional products. These securitizations provided funding for us and transferred the economic risks and substantially all the benefits of the loans to third parties. In a securitization, various classes of debt securities that the special purpose entities issued were generally collateralized by a single tranche of transferred assets, which consisted of timeshare notes receivable. We serviced the notes receivable. With each securitization, we retained a portion of the securities, subordinated tranches, interest-only strips, subordinated interests in accrued interest and fees on the securitized receivables or, in some cases, overcollateralization and cash reserve accounts. As a result of our involvement with these entities in 2011 before the spin-off, we recognized $116 million of interest income, partially offset by $39 million of interest expense to investors and $3 million in debt issuance cost amortization.

We show our cash flows to and from the timeshare notes securitization variable interest entities in the following table for 2011 before the spin-off:



($ in millions)	2011
Cash inflows:
Proceeds from securitization	$	122
Principal receipts	188
Interest receipts	112
Total	422
Cash outflows:
Principal to investors	(185		)
Repurchases	(64		)
Interest to investors	(39		)
Total	(288		)
Net Cash Flows	$	134

Under the terms of our timeshare note securitizations, we had the right at our option to repurchase defaulted mortgage notes at the outstanding principal balance. The transaction documents typically limited such repurchases to 10 to 20 percent of the transaction’s initial mortgage balance. We voluntarily repurchased $43 million of defaulted notes and $21 million of other non-defaulted notes during 2011.

Other variable interest entities

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. See Footnote No. 4, "Fair Value of Financial Instruments" for further information on the purchase and Footnote No. 13, "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 year-end 2013 is $80 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 year-end 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 $5 million) for two of the four hotels if there are cash flow shortfalls. These two hotels have lease terms of less than one year. In addition, as of year-end 2013 we are liable for rent payments of up to an aggregate cap of $4 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.

LEASES

12 Months Ended

Dec. 31, 2013

Leases [Abstract]

Leases

LEASES

We have summarized below our future obligations under operating leases at year-end 2013:



($ in millions)	Minimum Lease Payments
Fiscal Year
2014	$	134
2015	130
2016	118
2017	103
2018	86
Thereafter	583
Total minimum lease payments where we are the primary obligor	$	1,154

Most leases have initial terms of up to 20 years and contain one or more renewal options, generally for five- or 10-year periods. These leases provide for minimum rentals and additional rentals based on our operations of the leased property. The total minimum lease payments above include $264 million of obligations of our consolidated subsidiaries that are non-recourse to us.

The foregoing table does not reflect $4 million in aggregate minimum lease payments, for which we are secondarily liable, relating to the CTF leases further discussed in Footnote No. 16, “Variable Interest Entities.”

The following table details the composition of rent expense for operating leases for the last three years:



($ in millions)	2013		2012		2011
Minimum rentals	$	159	$	188	$	240
Additional rentals	56		62		66
	$	215	$	250	$	306

Our future obligation under capital leases at year-end 2013 was $53 million with a present value of net minimum lease payments of $51 million. In conjunction with the sale of our right to acquire the landlord’s interest in a leased real estate property and certain attached assets of the property after year-end 2013, $46 million of the $51 million originally classified in the “Long-term debt” caption was reclassified to liabilities held for sale within the "Other current liabilities" caption of the accompanying Balance Sheet as of year-end 2013. See Footnote No. 7, "Acquisitions and Dispositions" for more information. Accordingly, the “Long-term debt” caption in the accompanying Balance Sheets includes the remaining $5 million for year-end 2013 and $50 million for year-end 2012 that represents the present value of net minimum lease payments for capital leases.

Related Party Transactions

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2013

RELATED PARTY TRANSACTIONS

Equity Method Investments

We have equity method investments in entities that own properties for which we provide management and/or franchise services and receive fees. We also have equity method investments in entities that provide management and/or franchise service to hotels and receive fees. In addition, in some cases we provide loans, preferred equity or guarantees to these entities. We generally own between 10 and 49 percent of these equity method investments. Undistributed earnings attributable to our equity method investments represented approximately $2 million of our consolidated retained earnings at year-end 2013.

The following tables present financial data resulting from transactions with these related parties:

Income Statement Data



($ in millions)	2013			2012			2011
Base management fees	$	17		$	26		$	37
Incentive management fees	1			5			—
Cost reimbursements	236			315			383
Owned, leased, corporate housing, and other	1			3			8
Total revenue	$	255		$	349		$	428
General, administrative, and other	$	(5	)	$	—		$	(5	)
Reimbursed costs	(236		)	(315		)	(383		)
Gains and other income	—			43			4
Interest expense-capitalized	—			1			2
Interest income	4			3			3
Equity in losses	(5		)	(13		)	(13		)

Balance Sheet Data



($ in millions)	At Year-End 2013			At Year-End 2012
Current assets-accounts and notes receivable	$	22		$	18
Contract acquisition costs and other	20			21
Equity and cost method investments	207			195
Deferred taxes, net asset	16			17
Other	16			20
Current liabilities:
Other	(13		)	(2		)
Other long-term liabilities	(2		)	(2		)

Summarized information for the entities in which we have equity method investments is as follows:

Income Statement Data



($ in millions)	2013		2012			2011
Sales	$	721	$	902		$	1,215
Net income (loss)	$	15	$	(4	)	$	(58	)

Balance Sheet Summary



($ in millions)	At Year-End 2013		At Year-End 2012
Assets (primarily comprised of hotel real estate managed by us)	$	1,832	$	1,486
Liabilities	$	1,482	$	1,245

Valuation of Intangibles and Long-Lived Assets

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

RELATIONSHIP WITH MAJOR CUSTOMER	12 Months Ended
RELATIONSHIP WITH MAJOR CUSTOMER	Dec. 31, 2013
Relationship with Major Customer Disclosure [Abstract]
Relationship With Major Customer	RELATIONSHIP WITH MAJOR CUSTOMER Host Hotels & Resorts, Inc., formerly known as Host Marriott Corporation, and its affiliates (“Host”) owned or leased 66 lodging properties at year-end 2013 and 124 lodging properties at year-end 2012 that we operated under long-term agreements. Over the last three years, we recognized revenues of $1,957 million in 2013, $2,226 million in 2012, and $2,210 million in 2011 from those lodging properties, and included those revenues in our North American Full-Service, North American Limited-Service, Luxury, and International segments. Host is also a partner in certain unconsolidated partnerships that own lodging properties that we operate under long-term agreements. Host was affiliated with ten such properties at year-end 2013, ten such properties at year-end 2012, and five such properties at year-end 2011. We recognized revenues of $87 million in 2013, $75 million in 2012, and $59 million in 2011 from those lodging properties, and included those revenues in our North American Full-Service, Luxury, and International segments.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Basis of Presentation

Fiscal Year

The table below shows each completed fiscal year we refer to in this report, the date the fiscal year ended, and the number of days in that fiscal year:



Fiscal Year	Fiscal Year-End Date	Number of Days	Fiscal Year	Fiscal Year-End Date	Number of Days
2013	December 31, 2013	368	2008	January 2, 2009	371
2012	December 28, 2012	364	2007	December 28, 2007	364
2011	December 30, 2011	364	2006	December 29, 2006	364
2010	December 31, 2010	364	2005	December 30, 2005	364
2009	January 1, 2010	364	2004	December 31, 2004	364

Beginning in 2014, our fiscal years will be the same as the corresponding calendar year (each beginning on January 1 and ending on December 31, and containing 365 or 366 days).

Revenue Recognition

Franchise Fee and License Fee Revenue: We recognize franchise fees and license fees as revenue in each accounting period as we earn those fees from the franchisee or licensee under the contracts.

Owned and Leased Units: We recognize room sales and revenues from other guest services for our owned and leased units when rooms are occupied and when we have rendered the services.

Other Revenue: Includes other third-party licensing fees, branding fees for third-party residential sales and credit card licensing, land rental income, and other revenue.

Timeshare Residential (Stand-Alone Structures): Before the spin-off, we recognized sales under the full accrual method of accounting when we received our proceeds and transferred title at settlement.

Timeshare Interest Income: Before the spin-off, we reflected interest income from “Loans to timeshare owners” in our 2011 Income Statement in the "Timeshare sales and services" revenue caption

Ground Leases

Real Estate Sales

Profit Sharing Plan

Self-Insurance Programs

Our Rewards Programs

Guarantees

Rebates and Allowances

Cash and Equivalents

We consider all highly liquid investments with an initial maturity of three months or less at date of purchase to be cash equivalents.

Assets Held for Sale

Accounts Receivable

Loan Loss Reserves

Senior, Mezzanine, and Other Loans

Goodwill

Investments

For information on impairment losses that we recorded in 2011 for long-lived assets, see Footnote No. 15, “Spin-off.”

Valuation of Investments in Ventures

We may hold a minority equity interest in ventures established to develop or acquire and own hotel properties. These ventures are generally limited liability companies or limited partnerships.

For information on an impairment loss that we recorded in 2012 for a cost method investment, see Footnote No. 4, “Fair Value of Financial Instruments.”

Fair Value Measurements

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

Derivative Instruments

Non-U.S. Operations

Legal Contingencies

Income Taxes

For information about income taxes and deferred tax assets and liabilities, see Footnote No. 2, “Income Taxes.”

New Accounting Standards

We do not expect that accounting standard updates issued to date and that are effective after December 31, 2013 will have a material effect on our Financial Statements.

Cost Method Investments

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).

Earnings Per Share Dilutive Securities

We compute the effect of dilutive securities using the treasury stock method and average market prices during the period.

Variable Interest Entity

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

The (Provision for) Benefit from Income Taxes

Our provision for income taxes for the last three fiscal years consists of:



($ in millions)		2013			2012			2011
Current	-U.S. Federal	$	(139	)	$	6		$	53
	-U.S. State	(17		)	(8		)	—
	-Non-U.S.	(44		)	(34		)	(55		)
		(200		)	(36		)	(2		)

Deferred	-U.S. Federal	(68		)	(211		)	(116		)
	-U.S. State	(10		)	(30		)	(10		)
	-Non-U.S.	7			(1		)	(30		)
		(71		)	(242		)	(156		)
		$	(271	)	$	(278	)	$	(158	)

Unrecognized Tax Benefits Reconciliation

The following table reconciles our unrecognized tax benefit balance for each year from the beginning of 2011 to the end of 2013:



($ in millions)	Amount
Unrecognized tax benefit at beginning of 2011	$	39
Change attributable to tax positions taken during a prior period	(10		)
Change attributable to withdrawal of tax positions previously taken or expected to be taken	(6		)
Change attributable to tax positions taken during the current period	19
Decrease attributable to lapse of statute of limitations	(3		)
Unrecognized tax benefit at year-end of 2011	39
Change attributable to tax positions taken during the current period	12
Decrease attributable to settlements with taxing authorities	(20		)
Decrease attributable to lapse of statute of limitations	(2		)
Unrecognized tax benefit at year-end of 2012	29
Change attributable to tax positions taken during the current period	8
Decrease attributable to settlements with taxing authorities	(2		)
Decrease attributable to lapse of statute of limitations	(1		)
Unrecognized tax benefit at year-end of 2013	$	34

Schedule of Deferred Tax Assets and Liabilities

We had the following total deferred tax assets and liabilities at year-end 2013 and year-end 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Deferred tax assets	$	926		$	950
Deferred tax liabilities	(60		)	(25		)
Net deferred taxes	$	866		$	925

The following table details the composition of our net deferred tax balances at year-end 2013 and year-end 2012:



($ in millions) Balance Sheet Caption	At Year-End 2013			At Year-End 2012
Current deferred taxes, net	$	252		$	280
Long-term deferred taxes, net	647			676
Current liabilities, other	(19		)	(13		)
Long-term liabilities, other	(14		)	(18		)
Net deferred taxes	$	866		$	925



($ in millions)	At Year-End 2013			At Year-End 2012
Employee benefits	$	340		$	321
Net operating loss carry-forwards	293			294
Tax credits	273			328
Reserves	61			63
Frequent guest program	30			43
Self-insurance	23			19
Deferred income	23			4
Joint venture interests	(23		)	(11		)
Property, equipment, and intangible assets	(37		)	(14		)
Other, net	48			23
Deferred taxes	1,031			1,070
Less: valuation allowance	(165		)	(145		)
Net deferred taxes	$	866		$	925

Reconciliation of the U.S. Statutory Tax Rate to Our Effective Income Tax Rate for Continuing Operations

The following table reconciles the U.S. statutory tax rate to our effective income tax rate for the last three fiscal years:



	2013		2012		2011
U.S. statutory tax rate	35.0	%	35.0	%	35.0	%
U.S. state income taxes, net of U.S. federal tax benefit	2.6		2.6		2.3
Nondeductible expenses	0.5		0.3		1.8
Non-U.S. income	(5.7	)	(3.9	)	(0.9	)
Change in valuation allowance ⁽¹⁾	0.3		(0.2	)	8.9
Tax credits	(0.4	)	(0.4	)	(1.0	)
Other, net	(2.1	)	(0.7	)	(1.7	)
Effective rate	30.2	%	32.7	%	44.4	%


⁽¹⁾	Primarily for the 2011 additional impairment of certain deferred tax assets transferred to MVW, as discussed earlier in this footnote.

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Additional Information on RSUs

The following table provides additional information on Marriott RSUs for the last three fiscal years:



	2013		2012		2011
Share-based compensation expense (in millions)	$	101	$	83	$	90
Weighted average grant-date fair value (per Marriott RSU)	$	38	$	35	$	40
Aggregate intrinsic value of converted and distributed Marriott RSUs (in millions)	$	125	$	91	$	113

Changes in Outstanding Restricted Stock Unit Grants

The following table shows the 2013 changes in our outstanding Marriott RSU grants and the associated weighted average grant-date fair values:



	Number of Marriott RSUs (in millions)		Weighted Average Grant-Date Fair Value (per RSU)
Outstanding at year-end 2012	7.4		$	31
Granted during 2013 ⁽²⁾	2.7		38
Distributed during 2013	(3.0	)	29
Forfeited during 2013	(0.3	)	34
Outstanding at year-end 2013 ⁽¹⁾	6.8		$	35


⁽¹⁾	Includes 0.2 million Marriott RSUs held by MVW employees.


⁽²⁾	Includes 0.2 million S&P RSUs granted to named executive officers.

Changes in Outstanding Stock Option Program Awards

The following table shows the 2013 changes in our outstanding Marriott Stock Option Program awards and the associated weighted average exercise prices:



	Number of Marriott Stock Options (in millions)		Weighted Average Exercise Price (per Option)
Outstanding at year-end 2012	9.5		$	19
Granted during 2013	0.1		39
Exercised during 2013	(5.0	)	17
Forfeited during 2013	—		46
Outstanding at year-end 2013 ⁽¹⁾	4.6		$	22


⁽¹⁾	Includes 0.1 million Marriott stock options held by MVW employees.

Stock Options Issued Under the Stock Option Program Awards



					Outstanding				Exercisable
Range of Exercise Prices					Number of Stock Options (in millions)	Weighted Average Exercise Price (per Option)		Weighted Average Remaining Life (in years)	Number of Stock Options (in millions)	Weighted Average Exercise Price (per Option)		Weighted Average Remaining Life (in years)
$	13	to	$	17	2.5	$	16	1	2.5	$	16	1
18		to	22		0.6	22		1	0.6	22		1
23		to	46		1.5	32		4	1.1	30		3
13		to	46		4.6	22		2	4.2	21		2

Number of Options Granted and Associated Weighted Average Grant-Date Fair Values and Weighted Average Exercise Prices



	2013		2012		2011
Options granted	96,960		255,761		19,192
Weighted average grant-date fair value (per option)	$	13	$	12	$	15
Weighted average exercise price (per option)	$	39	$	35	$	38

Intrinsic Value of Outstanding Stock Options and Exercisable Stock Option



($ in millions)	2013		2012
Outstanding stock options	$	126	$	169
Exercisable stock options	121		168

Changes in Outstanding SARs

The following table shows the 2013 changes in our outstanding Marriott SARs and the associated weighted average exercise prices:



	Number of SARs (in millions)		Weighted Average Exercise Price
Outstanding at year-end 2012	6.2		$	31
Granted during 2013	0.7		39
Exercised during 2013	(0.5	)	30
Forfeited during 2013	—		41
Outstanding at year-end 2013 ⁽¹⁾	6.4		$	32


⁽¹⁾	Includes 0.2 million Marriott SARs held by MVW employees.

Number of Employee SARs and Director SARs Granted, Associated Weighted Average Base Values, And Weighted Average Grant-Date Fair Values



Employee Marriott SARs	2013		2012		2011
Employee Marriott SARs granted (in millions)	0.7		1.0		0.7
Weighted average exercise price (per SAR)	$	39	$	35	$	38
Weighted average grant-date fair value (per SAR)	$	13	$	12	$	14
Director Marriott SARs	2013		2012		2011
Director Marriott SARs granted	5,903		5,915		—
Weighted average exercise price (per SAR)	$	44	$	39	$	—
Weighted average grant-date fair value (per SAR)	$	15	$	14	$	—

Assumptions for Stock Options and Employee SARs



	2013		2012		2011
Expected volatility	30 - 31%		31	%	32	%
Dividend yield	1.17	%	1.01	%	0.73	%
Risk-free rate	1.8 - 1.9%		1.7 - 2.0%		3.4	%
Expected term (in years)	8 - 10		8 - 10		8

Share-Based Compensation Expense, Number of Deferred Stock Units Granted, Weighted Average Grant-date Fair Value, and Aggregate Intrinsic Value of Non-Employee Director Deferred Stock Units



	2013		2012		2011
Share-based compensation expense (in millions)	$	1.4	$	1.2	$	1.1
Non-employee director deferred stock units granted	31,000		27,000		29,000
Weighted average grant-date fair value (per share)	$	44	$	39	$	36
Aggregate intrinsic value of shares distributed (in millions)	$	0.7	$	1.0	$	1.4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 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:



	At Year-End 2013						At Year-End 2012
($ in millions)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Cost method investments	$	16		$	17		$	21		$	23
Senior, mezzanine, and other loans	142			145			180			172
Marketable securities and other debt securities	111			111			56			56
Total long-term financial assets	$	269		$	273		$	257		$	251

Senior Notes	$	(2,185	)	$	(2,302	)	$	(1,833	)	$	(2,008	)
Commercial paper	(834		)	(834		)	(501		)	(501		)
Other long-term debt	(123		)	(124		)	(130		)	(139		)
Other long-term liabilities	(50		)	(50		)	(69		)	(69		)
Total long-term financial liabilities	$	(3,192	)	$	(3,310	)	$	(2,533	)	$	(2,717	)

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

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share:



	2013		2012		2011
(in millions, except per share amounts)
Computation of Basic Earnings Per Share
Net income	$	626	$	571	$	198
Weighted average shares outstanding	305.0		322.6		350.1
Basic earnings per share	$	2.05	$	1.77	$	0.56
Computation of Diluted Earnings Per Share
Net income	$	626	$	571	$	198
Weighted average shares outstanding	305.0		322.6		350.1
Effect of dilutive securities
Employee stock option and SARs plans	4.0		6.1		8.0
Deferred stock incentive plans	0.8		0.9		0.9
Restricted stock units	3.2		3.3		3.3
Shares for diluted earnings per share	313.0		332.9		362.3
Diluted earnings per share	$	2.00	$	1.72	$	0.55

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 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 year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Land	$	535		$	590
Buildings and leasehold improvements	786			703
Furniture and equipment	789			854
Construction in progress	338			383
	2,448			2,530
Accumulated depreciation	(905		)	(991		)
	$	1,543		$	1,539

The following table shows the composition of these property and equipment balances that we recorded as capital leases:



($ in millions)	At Year-End 2013			At Year-End 2012
Land	$	8		$	30
Buildings and leasehold improvements	68			143
Furniture and equipment	37			38
Construction in progress	1			4
	114			215
Accumulated depreciation	(83		)	(82		)
	$	31		$	133

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Composition of Other Intangible Assets

The following table details the composition of our other intangible assets at year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Contract acquisition costs and other	$	1,554		$	1,512
Accumulated amortization	(423		)	(397		)
	$	1,131		$	1,115

Carrying Amount of Goodwill

The following table details the carrying amount of our goodwill at year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Goodwill	$	928		$	928
Accumulated impairment losses	(54		)	(54		)
	$	874		$	874

NOTES RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2013

Accounts, Notes, Loans and Financing Receivable [Line Items]

Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts) and Interest Rates



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2014	$	36
2015	85
2016	4
2017	3
2018	5
Thereafter	45
Balance at year-end 2013	$	178
Weighted average interest rate at year-end 2013	4.6		%
Range of stated interest rates at year-end 2013	0 to 8.0%

Notes Receivable Unamortized Discounts

The following table shows the unamortized discounts for our notes receivable as of year-end 2013 and 2012:



Notes Receivable Unamortized Discounts ($ in millions)	Amount
Balance at year-end 2012	$	11
Balance at year-end 2013	$	12

Notes Receivable Reserves

The following table summarizes the activity for our “Senior, mezzanine, and other loans” notes receivable reserve for 2011, 2012, and 2013:



($ in millions)	Notes Receivable Reserve
Balance at year-end 2010	$	74
Additions	2
Write-offs	(7		)
Transfers and other	9
Balance at year-end 2011	78
Additions	2
Reversals	(1		)
Write-offs	(1		)
Transfers and other	1
Balance at year-end 2012	79
Reversals	(2		)
Transfers and other	13
Balance at year-end 2013	$	90

Notes Receivable

Accounts, Notes, Loans and Financing Receivable [Line Items]

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 year-end 2013 and 2012:



($ in millions)	At Year-End 2013			At Year-End 2012
Senior, mezzanine, and other loans	$	178		$	242
Less current portion	(36		)	(62		)
	$	142		$	180

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

We provide detail on our long-term debt balances at year-end 2013 and 2012 in the following table:



($ in millions)	At Year-End 2013			At Year-End 2012
Senior Notes:
Series G, interest rate of 5.8%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.7%)⁽¹⁾	$	312		$	309
Series H, interest rate of 6.2%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.4%)⁽¹⁾	289			289
Series I, interest rate of 6.4%, face amount of $293, maturing June 15, 2017 (effective interest rate of 6.5%)⁽¹⁾	292			292
Series J, matured February 15, 2013	—			400
Series K, interest rate of 3.0%, face amount of $600, maturing March 1, 2019 (effective interest rate of 4.4%)⁽¹⁾	595			594
Series L, interest rate of 3.3%, face amount of $350, maturing September 15, 2022 (effective interest rate of 3.4%)⁽¹⁾	349			349
Series M, interest rate of 3.4%, face amount of $350, maturing October 15, 2020 (effective interest rate of 3.6%)⁽¹⁾	348			—
Commercial paper, average interest rate of 0.4% at December 31, 2013	834			501
$2,000 Credit Facility	—			15
Other	180			186
	3,199			2,935
Less current portion classified in:
Other current liabilities (liabilities held for sale)	(46		)	—
Current portion of long-term debt	(6		)	(407		)
	$	3,147		$	2,528


⁽¹⁾	Face amount and effective interest rate are as of year-end 2013.

Debt Principal Payments (Net of Unamortized Discounts)

We show future principal payments (net of unamortized discounts) for our debt in the following table:



Debt Principal Payments (net of unamortized discounts) ($ in millions)	Amount
2014	$	52
2015	319
2016	297
2017	301
2018	843
Thereafter	1,387
Balance at year-end 2013	$	3,199

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Self-Insurance Reserve for Losses and Loss Adjustment Expenses Disclosure [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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+ Details

SELF-INSURANCE RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES (Tables)

12 Months Ended

Dec. 31, 2013

Self-Insurance Reserve for Losses and Loss Adjustment Expenses

The following table summarizes the activity in our self-insurance reserve for losses and loss adjustment expenses for the last two fiscal years:



($ in millions)	2013			2012
Balance at beginning of year	$	342		$	330
Less: reinsurance recoverable	(5		)	(5		)
Net balance at beginning of year	337			325
Incurred related to:
Current year	116			108
Prior year	8			(11		)
Total incurred	124			97
Paid related to:
Current year	(25		)	(28		)
Prior year	(79		)	(57		)
Total paid	(104		)	(85		)
Net balance at end of year	357			337
Add: reinsurance recoverable	5			5
Balance at end of year	$	362		$	342

COMPREHENSIVE INCOME AND SHAREHOLDERS’ (DEFICIT) EQUITY (Tables)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) Activity

The following table details the accumulated other comprehensive income (loss) activity for 2013, 2012, and 2011:



($ in millions)	Foreign Currency Translation Adjustments			Other Derivative Instrument Adjustments ⁽¹⁾			Unrealized Gains (Losses) on Available-For-Sale Securities ⁽²⁾			Accumulated Other Comprehensive Loss
Balance at year-end 2010	$	(4	)	$	2		$	—		$	(2	)
Other comprehensive loss before reclassifications	(31		)	(20		)	(3		)	(54		)
Amounts reclassified from accumulated other comprehensive loss	(2		)	—			10			8
Net other comprehensive (loss) income	(33		)	(20		)	7			(46		)
Balance at year-end 2011	$	(37	)	$	(18	)	$	7		$	(48	)
Other comprehensive income (loss) before reclassifications	4			(2		)	—			2
Amounts reclassified from accumulated other comprehensive loss	1			1			—			2
Net other comprehensive income (loss)	5			(1		)	—			4
Balance at year-end 2012	$	(32	)	$	(19	)	$	7		$	(44	)
Other comprehensive income before reclassifications	1			—			5			6
Amounts reclassified from accumulated other comprehensive loss	—			—			(6		)	(6		)
Net other comprehensive loss	1			—			(1		)	—
Balance at year-end 2013	$	(31	)	$	(19	)	$	6		$	(44	)


⁽¹⁾	We present the portions of other comprehensive income (loss) before reclassifications that relate to other derivative instrument adjustments net of deferred taxes of $1 million for 2012 and deferred tax benefits of $14 million for 2011.


⁽²⁾	We present the portions of other comprehensive income (loss) before reclassifications that relate to unrealized gains (losses) on available-for-sale securities net of deferred taxes of $2 million for 2013 and $4 million for 2012.

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 2013:



($ in millions)	Amounts Reclassified from Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss Components	2013			Income Statement Line(s) Item Affected
Other derivative instrument adjustments
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	3		Base management and franchise fees
Interest rate contracts	(5		)	Interest expense
	(2		)	Income before income taxes
	2			Provision for income taxes
Other, net	$	—		Net income
Unrealized gains on available-for-sale securities
Sale of an available-for-sale security	$	10		Gains and other income
	10			Income before income taxes
	(4		)	Provision for income taxes
	$	6		Net income

CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 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



($ in millions) Guarantee Type	Maximum Potential Amount of Future Fundings		Liability for Guarantees
Debt service	$	83	$	4
Operating profit	99		40
Other	17		2
Total guarantees where we are the primary obligor	$	199	$	46

BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Equity in Losses of Equity Method Investees



($ in millions)	2013		2012		2011
North American Full-Service Segment	$	6,601	$	5,965	$	5,450
North American Limited-Service Segment	2,601		2,466		2,358
International Segment	1,522		1,330		1,278
Luxury Segment	1,794		1,765		1,673
Former Timeshare Segment	—		—		1,438
Total segment revenues	12,518		11,526		12,197
Other unallocated corporate	266		288		120
	$	12,784	$	11,814	$	12,317

Net Income



($ in millions)	2013			2012			2011
North American Full-Service Segment	$	451		$	407		$	351
North American Limited-Service Segment	478			472			382
International Segment	160			192			175
Luxury Segment	108			102			74
Former Timeshare Segment	—			—			(217		)
Total segment financial results	1,197			1,173			765
Other unallocated corporate	(203		)	(204		)	(302		)
Interest expense and interest income⁽¹⁾	(97		)	(120		)	(107		)
Income taxes	(271		)	(278		)	(158		)
	$	626		$	571		$	198


⁽¹⁾	The $164 million of interest expense shown on the Income Statement for year-end 2011 includes $43 million that we allocated to our former Timeshare segment.



($ in millions)	2013			2012			2011
North American Full-Service Segment	$	4		$	2		$	1
North American Limited-Service Segment	3			2			(2		)
International Segment	(6		)	(2		)	(4		)
Luxury Segment	(4		)	(13		)	(10		)
Former Timeshare Segment	—			—			—
Total segment equity in losses	(3		)	(11		)	(15		)
Other unallocated corporate	(2		)	(2		)	2
	$	(5	)	$	(13	)	$	(13	)

Depreciation and Amortization



($ in millions)	2013		2012		2011
North American Full-Service Segment	$	45	$	38	$	31
North American Limited-Service Segment	21		16		23
International Segment	31		24		26
Luxury Segment	23		17		28
Former Timeshare Segment	—		—		29
Total segment depreciation and amortization	120		95		137
Other unallocated corporate	7		7		7
	$	127	$	102	$	144

Assets



($ in millions)	At Year-End 2013		At Year-End 2012
North American Full-Service Segment	$	1,662	$	1,517
North American Limited-Service Segment	470		492
International Segment	1,154		1,056
Luxury Segment	1,440		1,174
Total segment assets	4,726		4,239
Other unallocated corporate	2,068		2,103
	$	6,794	$	6,342

Equity Method Investments



($ in millions)	At Year-End 2013		At Year-End 2012
North American Full-Service Segment	$	13	$	13
North American Limited-Service Segment	44		44
International Segment	113		100
Luxury Segment	29		29
Total segment equity method investments	199		186
Other unallocated corporate	8		9
	$	207	$	195

Goodwill



($ in millions)	North American Full-Service Segment		North American Limited-Service Segment			International Segment		Luxury Segment		Total Goodwill
Year-end 2011 balance:
Goodwill	$	335	$	126		$	298	$	170	$	929
Accumulated impairment losses	—		(54		)	—		—		(54		)
	$	335	$	72		$	298	$	170	$	875
Year-end 2012 balance:
Goodwill	$	335	$	125		$	298	$	170	$	928
Accumulated impairment losses	—		(54		)	—		—		(54		)
	$	335	$	71		$	298	$	170	$	874
Year-end 2013 balance:
Goodwill	$	335	$	125		$	298	$	170	$	928
Accumulated impairment losses	—		(54		)	—		—		(54		)
	$	335	$	71		$	298	$	170	$	874

Capital Expenditures



($ in millions)	2013		2012		2011
North American Full-Service Segment	$	128	$	9	$	8
North American Limited-Service Segment	8		19		11
International Segment	37		38		52
Luxury Segment	181		306		40
Former Timeshare Segment	—		—		13
Total segment capital expenditures	354		372		124
Other unallocated corporate	50		65		59
	$	404	$	437	$	183

LEASES (Tables)

12 Months Ended

Dec. 31, 2013

Leases [Abstract]

Future Obligations Under Operating Leases

We have summarized below our future obligations under operating leases at year-end 2013:



($ in millions)	Minimum Lease Payments
Fiscal Year
2014	$	134
2015	130
2016	118
2017	103
2018	86
Thereafter	583
Total minimum lease payments where we are the primary obligor	$	1,154

Composition of Rent Expense Associated with Operating Leases

The following table details the composition of rent expense for operating leases for the last three years:



($ in millions)	2013		2012		2011
Minimum rentals	$	159	$	188	$	240
Additional rentals	56		62		66
	$	215	$	250	$	306

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2013

Financial Data Resulting from Transactions with Related Parties, Income Statement Data

The following tables present financial data resulting from transactions with these related parties:

Income Statement Data



($ in millions)	2013			2012			2011
Base management fees	$	17		$	26		$	37
Incentive management fees	1			5			—
Cost reimbursements	236			315			383
Owned, leased, corporate housing, and other	1			3			8
Total revenue	$	255		$	349		$	428
General, administrative, and other	$	(5	)	$	—		$	(5	)
Reimbursed costs	(236		)	(315		)	(383		)
Gains and other income	—			43			4
Interest expense-capitalized	—			1			2
Interest income	4			3			3
Equity in losses	(5		)	(13		)	(13		)

Financial Data Resulting from Transactions with Related Parties, Balance Sheet Data

Balance Sheet Data



($ in millions)	At Year-End 2013			At Year-End 2012
Current assets-accounts and notes receivable	$	22		$	18
Contract acquisition costs and other	20			21
Equity and cost method investments	207			195
Deferred taxes, net asset	16			17
Other	16			20
Current liabilities:
Other	(13		)	(2		)
Other long-term liabilities	(2		)	(2		)

Summarized Information for the Entities Equity Method Investments, Income Statement

Summarized information for the entities in which we have equity method investments is as follows:

Income Statement Data



($ in millions)	2013		2012			2011
Sales	$	721	$	902		$	1,215
Net income (loss)	$	15	$	(4	)	$	(58	)

Summarized Information for the Entities Equity Method Investments, Balance Sheet

Balance Sheet Summary



($ in millions)	At Year-End 2013		At Year-End 2012
Assets (primarily comprised of hotel real estate managed by us)	$	1,832	$	1,486
Liabilities	$	1,482	$	1,245

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	11 Months Ended	12 Months Ended												12 Months Ended			11 Months Ended				12 Months Ended
	Nov. 20, 2011	Dec. 31, 2013 program_type	Dec. 28, 2012	Dec. 30, 2011	Dec. 31, 2010	Jan. 01, 2010	Jan. 02, 2009	Dec. 28, 2007	Dec. 29, 2006	Dec. 30, 2005	Dec. 31, 2004	Dec. 31, 2013 Lower Limit	Dec. 31, 2013 Upper Limit	Dec. 31, 2013 Deferred Profit Sharing	Dec. 28, 2012 Deferred Profit Sharing	Dec. 30, 2011 Deferred Profit Sharing	Nov. 20, 2011 Interest Income	Nov. 20, 2011 Interest Income Securitized Notes Receivable	Nov. 20, 2011 Interest Income Nonsecuritized Notes Receivable	Dec. 31, 2013 Scenario, Forecast	Dec. 31, 2014 Scenario, Forecast Lower Limit	Dec. 31, 2014 Scenario, Forecast Upper Limit
Significant Accounting Policies [Line Items]
Change in length of period from correstponding year-earlier period		4 days
Duration of fiscal period		368 days	364 days	364 days	364 days	364 days	371 days	364 days	364 days	364 days	364 days										365 days	366 days
Licensing fees from MVW after spin-off		$ 61,000,000	$ 61,000,000	$ 4,000,000
Minimum percentage of purchase price required to be received for sales recognition prior to spin-off	10.00%
Timeshare sales and services		0	0	1,088,000,000													143,000,000	116,000,000	27,000,000
Compensation costs from profit sharing														75,000,000	69,000,000	91,000,000
Discount rate		2.00%
Self-insurance reserves			5,000,000																	5,000,000
Liability for guest loyalty program		2,141,000,000	2,021,000,000
Reduction in estimate of breakage		10.00%
Increase in liability for guest loyalty program, contingent upon reduction in the estimate of breakage		139,000,000
Number of types of vendor rebate and allowance programs		3
Assets held for sale		350,000,000	0
Liabilities related to assets held for sale		61,000,000	0
Accounts receivable reserve		43,000,000	32,000,000
Goodwill impairment charge		0	0	0
Fair value of goodwill as a percent of carrying value, trigger for impairment loss		100.00%
Ownership interest in equity method investments												10.00%	49.00%
Gains (losses) from foreign currency transactions		(5,000,000)	(3,000,000)	(7,000,000)
Gains and other income		$ 0	$ 1,000,000	$ 2,000,000

The (Provision for) Benefit from Income Taxes (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Income Tax Disclosure [Abstract]
Federal, Current	$ (139)	$ 6	$ 53
State, Current	(17)	(8)	0
Non-U.S., Current	(44)	(34)	(55)
Current Income Tax Expense (Benefit)	(200)	(36)	(2)
Federal, Deferred	(68)	(211)	(116)
State, Deferred	(10)	(30)	(10)
Non-U.S., Deferred	7	(1)	(30)
Deferred Income Tax Expense (Benefit)	(71)	(242)	(156)
(Provision) benefit for income taxes	$ (271)	$ (278)	$ (158)

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
Income Taxes - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011	Dec. 31, 2010
Income Taxes [Line Items]
Tax benefits (costs) from share-based compensation	$ 66,000,000	$ 76,000,000	$ 55,000,000
Tax credits included in provision for income taxes	3,000,000	3,000,000	4,000,000
Tax provision (benefit) applicable to other comprehensive income	2,000,000	5,000,000	(14,000,000)
Cumulative unremitted earnings of subsidiaries	739,000,000
Aggregate amount of taxes not incurred due to tax holidays (less than $1 million in 2012 and 2011)	1,000,000	1,000,000	1,000,000
Amount of taxes not incurred due to tax holidays, per share (less than $0.01 per diluted share 2013, 2012, 2011)	$ 0.01	$ 0.01	$ 0.01
Write-off of deferred tax assets transferred to MVW			34,000,000
Unrecognized tax benefits	34,000,000	29,000,000	39,000,000	39,000,000
Change in unrecognized tax benefits	5,000,000	(10,000,000)	0
Unrecognized tax benefits that, if recognized, would impact the effective tax rate	12,000,000	13,000,000	24,000,000
Tax credits subject to expiration	40,000,000
Tax credits not subject to expiration	233,000,000
Net operating loss benefits	14,000,000	50,000,000
Net operating losses	1,500,000,000
Net operating losses subject to expiration	747,000,000
Net cash payments (receipts) for income tax (refunds)	77,000,000	(17,000,000)	45,000,000
Lower Limit
Income Taxes [Line Items]
Income tax holiday, period	10 years
Upper Limit
Income Taxes [Line Items]
Income tax holiday, period	30 years
International Issue Relating to Financing Activity and US Federal Tax Issue
Income Taxes [Line Items]
Change in unrecognized tax benefits, amount of unrecorded benefit	26,000,000
International Issue Relating to Financing Activity
Income Taxes [Line Items]
Change in unrecognized tax benefits, amount of unrecorded benefit	5,000,000
US Federal Tax Issue
Income Taxes [Line Items]
Change in unrecognized tax benefits, amount of unrecorded benefit	$ 21,000,000

Unrecognized Tax Benefit Reconciliation (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefit at beginning of year	$ 29	$ 39	$ 39
Change attributable to tax positions taken during a prior period			(10)
Change attributable to withdrawal of tax positions previously taken or expected to be taken			(6)
Change attributable to tax positions taken during the current period	8	12	19
Decrease attributable to settlements with taxing authorities	(2)	(20)
Decrease attributable to lapse of statute of limitations	(1)	(2)	(3)
Unrecognized tax benefit at end of year	$ 34	$ 29	$ 39

Total Deferred Tax Assets and Liabilities (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Income Tax Disclosure [Abstract]
Deferred tax assets	$ 926	$ 950
Deferred tax liabilities	(60)	(25)
Net deferred taxes	$ 866	$ 925

Composition of Net Deferred Tax Balances (Detail) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 28, 2012

Current deferred taxes, net

$ 252

$ 280

Long-term deferred taxes, net

647

^[1]

676

^[1]

Current liabilities, other

(19)

(13)

Long-term liabilities, other

(14)

(18)

Net deferred taxes

$ 866

$ 925

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer.

+ References+ Details

Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).

+ References+ Details

Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed within one year or operating cycle, if longer.

+ References+ Details

Types of Temporary Differences and Carry-Forwards that Significantly Effect Deferred Tax Assets and Liabilities (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Income Tax Disclosure [Abstract]
Employee benefits	$ 340	$ 321
Net operating loss carry-forwards	293	294
Tax credits	273	328
Reserves	61	63
Frequent guest program	30	43
Self-insurance	23	19
Deferred income	23	4
Joint venture interests	(23)	(11)
Property, equipment, and intangible assets	(37)	(14)
Other, net	48	23
Deferred taxes	1,031	1,070
Less: valuation allowance	(165)	(145)
Net deferred taxes	$ 866	$ 925

Reconciliation of the U.S. Statutory Tax Rate to Our Effective Income Tax Rate for Continuing Operations (Detail)

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

U.S. state income taxes, net of U.S. federal tax benefit

U.S. statutory tax rate

35.00%

2.60%

2.30%

Nondeductible expenses

0.50%

0.30%

1.80%

Non-U.S. income

(5.70%)

(3.90%)

(0.90%)

Change in valuation allowance (1)

0.30%

^[1]

(0.20%)

^[1]

8.90%

^[1]

Tax credits

(0.40%)

(1.00%)

Other, net

(2.10%)

(0.70%)

(1.70%)

Effective rate

30.20%

32.70%

44.40%

[1]	Primarily for the 2011 additional impairment of certain deferred tax assets transferred to MVW, as discussed earlier in this footnote.

Share-Based Compensation - Additional Information (Detail) (USD $)

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Nov. 10, 2011

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options granted

96,960

255,761

19,192

Share-based compensation expense (for stock options, less than $1 million in 2011 and 2010; for suspended award programs, less than $1 million in 2011)

$ 116,000,000

$ 94,000,000

$ 103,000,000

Deferred compensation costs related to unvested awards

108,000,000

122,000,000

Deferred compensation costs related to unvested awards, weighted average period

2 years

Tax benefit (costs) from share-based compensation in financing activities

121,000,000

71,000,000

Proceeds from exercise of stock options granted under share-based payment arrangements

199,000,000

179,000,000

124,000,000

Spin-off distribution ratio, spinnee shares received

Spin-off distribution ratio, spinnor shares held

Total intrinsic value of stock options exercised

131,000,000

158,000,000

124,000,000

Shares reserved under the Stock Plan

32,000,000

Restricted Stock Units, Excluding Service and Performance RSUs

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

2,500,000

S&P RSUs

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number

200,000

Restricted Stock Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number

2,700,000

^[1]

6,800,000

^[2]

7,400,000

Share-based compensation expense (for stock options, less than $1 million in 2011 and 2010; for suspended award programs, less than $1 million in 2011)

101,000,000

83,000,000

90,000,000

Deferred compensation costs related to unvested awards

102,000,000

111,000,000

Weighted average remaining term for grants outstanding

4 years

2 years

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

300,000

Stock Appreciation Rights

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number

700,000

6,400,000

^[3]

6,200,000

Share-based compensation expense (for stock options, less than $1 million in 2011 and 2010; for suspended award programs, less than $1 million in 2011)

12,000,000

9,000,000

12,000,000

Deferred compensation costs related to unvested awards

4,000,000

8,000,000

Intrinsic value of stock appreciation rights outstanding (less than $1 million at year-end 2011)

111,000,000

37,000,000

Intrinsic value of stock appreciation rights exercisable

82,000,000

24,000,000

Intrinsic value of stock appreciation rights exercised

6,000,000

2,000,000

Stock Appreciation Rights | Employee

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

700,000

1,000,000

700,000

4 years

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

10 years

Stock Appreciation Rights | Director

5,903

5,915

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

10 years

Period until exercisable

1 year

Employee Stock Option

Options granted

100,000

Share-based compensation expense (for stock options, less than $1 million in 2011 and 2010; for suspended award programs, less than $1 million in 2011)

2,000,000

1,000,000

Deferred compensation costs related to unvested awards

2,000,000

3,000,000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

4 years

Stock Options Issued from 1990 Through 2000

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

15 years

Nonqualified Stock Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

10 years

Deferred Stock Units | Director

Share-based compensation expense (for stock options, less than $1 million in 2011 and 2010; for suspended award programs, less than $1 million in 2011)

31,000

27,000

29,000

$ 1,400,000

$ 1,200,000

$ 1,100,000

Outstanding units at year-end

1 year

261,000

245,000

Weighted average grant-date fair value per share of deferred stock units outstanding as of year end

$ 22

$ 27

Stock Option Program and Stock Appreciation Right Program

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares reserved under the Stock Plan

11,000,000

[1]	Includes 0.2 million S&P RSUs granted to named executive officers.
[2]	Includes 0.2 million Marriott RSUs held by MVW employees.
[3]	Includes 0.2 million Marriott SARs held by MVW employees.

Additional Information on RSUs (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Reconciliation of Restricted Stock Activity [Line Items]

Share-based compensation expense (in millions)

$ 116.0

$ 94.0

$ 103.0

Restricted Stock Units

Reconciliation of Restricted Stock Activity [Line Items]

Share-based compensation expense (in millions)

101.0

83.0

90.0

Weighted average grant-date fair value (per unit)

$ 38

^[1]

$ 35

$ 40

Aggregate intrinsic value of converted and distributed Marriott RSUs (in millions)

$ 125

$ 91

$ 113

[1]	Includes 0.2 million S&P RSUs granted to named executive officers.

Changes in Outstanding Restricted Stock Unit Grants (Detail) (USD $)

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Restricted Stock Units

Number of RSUs

Outstanding beginning balance

7,400,000

2,700,000

^[1]

Distributed

(3,000,000)

(300,000)

Weighted Average Grant-Date Fair Value

6,800,000

^[2]

7,400,000

Outstanding beginning balance (per unit)

$ 31

$ 38

^[1]

$ 35

$ 40

Distributed (per unit)

$ 29

Forfeited (per unit)

$ 34

$ 35

^[2]

$ 31

Restricted Stock Units | MVW Employee

Number of RSUs

200,000

S&P RSUs

Number of RSUs

Number of Marriott Stock Options (in millions)

200,000

[1]	Includes 0.2 million S&P RSUs granted to named executive officers.
[2]	Includes 0.2 million Marriott RSUs held by MVW employees.

Changes in Outstanding Stock Option Program Awards (Detail) (USD $)

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

96,960

255,761

19,192

Weighted Average Exercise Price (per Option)

4,600,000

$ 13

$ 12

$ 15

Number of Marriott Stock Options (in millions)

$ 22

Employee Stock Option

Outstanding beginning balance

9,500,000

100,000

Exercised

(5,000,000)

Weighted Average Exercise Price (per Option)

4,600,000

^[1]

Outstanding beginning balance (per unit)

$ 19

$ 39

Exercised (per unit)

$ 17

Forfeited (per unit)

$ 46

$ 22

^[1]

Number of Marriott Stock Options (in millions)

4 years

Employee Stock Option | MVW Employee

100,000

[1]	Includes 0.1 million Marriott stock options held by MVW employees.

Stock Options Issued under Stock Option Program Awards (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	$ 13
Range of Exercise Prices, Upper Limit	$ 46
Outstanding - Number of Stock Options (in millions)	4.6
Outstanding - Weighted Average Exercise Price (per unit)	$ 22
Outstanding - Weighted Average Remaining Life	2 years
Exercisable - Number of Stock Options (in millions)	4.2
Exercisable - Weighted Average Exercise Price (per unit)	$ 21
Exercisable - Weighted Average Remaining Life	2 years
Range 2
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	$ 13
Range of Exercise Prices, Upper Limit	$ 17
Outstanding - Number of Stock Options (in millions)	2.5
Outstanding - Weighted Average Exercise Price (per unit)	$ 16
Outstanding - Weighted Average Remaining Life	1 year
Exercisable - Number of Stock Options (in millions)	2.5
Exercisable - Weighted Average Exercise Price (per unit)	$ 16
Exercisable - Weighted Average Remaining Life	1 year
Range 3
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	$ 18
Range of Exercise Prices, Upper Limit	$ 22
Outstanding - Number of Stock Options (in millions)	0.6
Outstanding - Weighted Average Exercise Price (per unit)	$ 22
Outstanding - Weighted Average Remaining Life	1 year
Exercisable - Number of Stock Options (in millions)	0.6
Exercisable - Weighted Average Exercise Price (per unit)	$ 22
Exercisable - Weighted Average Remaining Life	1 year
Range 4
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Limit	$ 23
Range of Exercise Prices, Upper Limit	$ 46
Outstanding - Number of Stock Options (in millions)	1.5
Outstanding - Weighted Average Exercise Price (per unit)	$ 32
Outstanding - Weighted Average Remaining Life	4 years
Exercisable - Number of Stock Options (in millions)	1.1
Exercisable - Weighted Average Exercise Price (per unit)	$ 30
Exercisable - Weighted Average Remaining Life	3 years

Number of Options Granted and Associated Weighted Average Grant-Date Fair Values and Weighted Average Exercise Prices (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options granted	96,960	255,761	19,192
Weighted average grant-date fair value (per unit)	$ 13	$ 12	$ 15
Weighted average exercise price (per unit)	$ 39	$ 35	$ 38

Intrinsic Value of Outstanding Stock Options and Exercisable Stock Options (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding stock options	$ 126	$ 169
Exercisable stock options	$ 121	$ 168

Changes in Outstanding SARs (Detail) (USD $)

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Weighted Average Exercise Price

$ 13

$ 12

$ 15

Outstanding beginning balance

$ 22

Stock Appreciation Rights

Number of SARs (in millions)

6,200,000

700,000

Exercised

(500,000)

Outstanding beginning balance (per unit)

6,400,000

^[1]

Weighted Average Exercise Price

$ 31

$ 39

Exercised (in shares)

$ 30

Forfeited (per unit)

$ 41

$ 32

^[1]

MVW Employee | Stock Appreciation Rights

Number of SARs (in millions)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

200,000

[1]	Includes 0.2 million Marriott SARs held by MVW employees.

Number of Employee SARs and Director SARs Granted, Associated Weighted Average Base Values, And Weighted Average Grant-Date Fair Values (Detail) (Stock Appreciation Rights, USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	700,000
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	700,000	1,000,000	700,000
Weighted average exercise price (per unit)	$ 39	$ 35	$ 38
Weighted average grant-date fair value (per unit)	$ 13	$ 12	$ 14
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	5,903	5,915	0
Weighted average exercise price (per unit)	$ 44	$ 39	$ 0
Weighted average grant-date fair value (per unit)	$ 15	$ 14	$ 0

Assumptions for Stock Options and Employee SARs (Detail) (Stock Option Program and Stock Appreciation Right Program)	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]
Expected volatility		31.00%	32.00%
Dividend yield	1.17%	1.01%	0.73%
Risk-free rate			3.40%
Expected term (in years)			8 years
Lower Limit
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]
Expected volatility	30.00%
Risk-free rate	1.80%	1.70%
Expected term (in years)	8 years	8 years
Upper Limit
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]
Expected volatility	31.00%
Risk-free rate	1.90%	2.00%
Expected term (in years)	10 years	10 years

Share-Based Compensation Expense, Number of Deferred Stock Units Granted, Weighted Average Grant-Date Fair Value, and Aggregate Intrinsic Value of Non-Employee Director Deferred Stock Units (Detail) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation expense (in millions)	$ 116.0	$ 94.0	$ 103.0
Deferred Stock Units \| Director
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation expense (in millions)	1.4	1.2	1.1
Non-employee director deferred stock units granted	31,000	27,000	29,000
Weighted average grant-date fair value (per share)	$ 44	$ 39	$ 36
Aggregate intrinsic value of shares distributed (in millions)	$ 0.7	$ 1.0	$ 1.4

Fair Value of Financial Instruments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended			12 Months Ended
	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2013 Fair Value, Inputs, Level 1	Sep. 07, 2012 Single Investment Other Than Temporarily Impaired [Member] Fair Value, Inputs, Level 3	Jun. 30, 2013 Mandatorily Redeemable Preferred Equity Ownership Interest Debt Securities hotel	Dec. 31, 2013 Mandatorily Redeemable Preferred Equity Ownership Interest Debt Securities	Dec. 31, 2013 Commercial Paper
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			41
Held-to-maturity securities					65
Number of hotels					3
Held-to-maturity securities, amortized cost		70
Amortized cost basis	14
Held-to-maturity securities, fair value						70
Proceeds from sale of investment	22
Realized gain from sale of investment	$ 8
Commercial paper, maturity term (generally 30 days or less)							30 days

Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities (Detail) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 28, 2012

$ 142

^[1]

$ 180

^[1]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

(912)

^[1]

(898)

^[1]

Carrying Amount

Cost method investments

Marketable securities and other debt securities

142

180

111

Total long-term financial assets

269

257

(2,185)

(1,833)

Commercial paper

(834)

(501)

Other long-term debt

(123)

(130)

Total long-term financial liabilities

(50)

(69)

(3,192)

(2,533)

Fair Value

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cost method investments

Marketable securities and other debt securities

145

172

111

Total long-term financial assets

273

251

(2,302)

(2,008)

Commercial paper

(834)

(501)

Other long-term debt

(124)

(139)

Total long-term financial liabilities

(50)

(69)

$ (3,310)

$ (2,717)

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

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	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Computation of Basic Earnings Per Share
Net income (in USD)	$ 626	$ 571	$ 198
Weighted average shares outstanding	305.0	322.6	350.1
Basic earnings per share (in USD per share)	$ 2.05	$ 1.77	$ 0.56
Computation of Diluted Earnings Per Share
Net income (in USD)	$ 626	$ 571	$ 198
Weighted average shares outstanding	305.0	322.6	350.1
Effect of dilutive securities
Shares for diluted earnings per share	313.0	332.9	362.3
Diluted earnings per share (in USD per share)	$ 2.00	$ 1.72	$ 0.55
Employee stock option and SARs plans
Effect of dilutive securities
Effect of dilutive securities	4.0	6.1	8.0
Deferred stock incentive plans
Effect of dilutive securities
Effect of dilutive securities	0.8	0.9	0.9
Restricted stock units
Effect of dilutive securities
Effect of dilutive securities	3.2	3.3	3.3

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ Details

Earnings Per Share - Additional Information (Detail) (Employee stock option and SARs plans) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Employee stock option and SARs plans
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	4.1

Goodwill and Intangible Assets Disclosure [Abstract]

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References+ Details

Composition of our Property and Equipment Balances (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,448	$ 2,530
Accumulated depreciation	(905)	(991)
Property and equipment, net	1,543	1,539
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	535	590
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	786	703
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	789	854
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	338	383
Capital Lease Obligations [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	114	215
Accumulated depreciation	(83)	(82)
Property and equipment, net	31	133
Capital Lease Obligations [Member] \| Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8	30
Capital Lease Obligations [Member] \| Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	68	143
Capital Lease Obligations [Member] \| Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	37	38
Capital Lease Obligations [Member] \| Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1	$ 4

Property and Equipment - Additional Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Sep. 09, 2011	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Property, Plant and Equipment [Line Items]
Depreciation expense		$ 107	$ 93	$ 130
Timeshare strategy-impairment charges	324	0	0	324
Property and Equipment
Property, Plant and Equipment [Line Items]
Interest capitalized		31	27	12
Timeshare strategy-impairment charges	68
Lower Limit
Property, Plant and Equipment [Line Items]
Estimated useful lives		3 years
Upper Limit
Property, Plant and Equipment [Line Items]
Estimated useful lives		40 years
Reimbursed Costs
Property, Plant and Equipment [Line Items]
Depreciation expense		$ 48	$ 45	$ 43

Additional Information - Acquisitions (Detail) In Millions, unless otherwise specified	12 Months Ended			4 Months Ended	12 Months Ended		12 Months Ended								0 Months Ended		0 Months Ended
	Dec. 31, 2013 USD ($)	Dec. 28, 2012 USD ($)	Dec. 30, 2011 USD ($)	Dec. 28, 2012 Land For Hotel USD ($)	Dec. 28, 2012 Land and Building for Hotel USD ($)	Dec. 30, 2011 Land and Building for Hotel USD ($)	Dec. 30, 2011 Leasehold Purchase and Sale USD ($)	Dec. 30, 2011 Leasehold Purchase and Sale EUR (€)	Dec. 30, 2011 Commitments AC Hotels USD ($) Entity	Dec. 30, 2011 Commitments AC Hotels EUR (€)	Dec. 31, 2013 Real Estate Investment USD ($)	Dec. 31, 2013 Real Estate Investment EUR (€)	Dec. 28, 2012 Real Estate Investment Leasehold Purchase and Sale USD ($)	Dec. 28, 2012 Real Estate Investment Leasehold Purchase and Sale EUR (€)	Oct. 01, 2012 Gaylord Entertainment Corporation USD ($) room location	Nov. 30, 2012 Gaylord Entertainment Corporation room	Apr. 02, 2014 Scenario, Forecast Protea Hospitality Holdings USD ($) hotel country room brand	Apr. 02, 2014 Scenario, Forecast Protea Hospitality Holdings ZAR hotel country room brand
Significant Acquisitions and Disposals [Line Items]
Cash consideration paid	$ 115														$ 210		$ 186	2,020
Number of hotels acquired															4		100	100
Number of hotel rooms acquired															7,800	300	10,000	10,000
Number of hotel brands																	3	3
Number of countries in which entity operates																	7	7
Percent of hotel rooms managed																	45.00%	45.00%
Percent of hotel rooms franchised																	39.00%	39.00%
Percent of hotel rooms leased																	16.00%	16.00%
Acquired intangible assets recognized															210
Capital expenditures	404	437	183	32	160
Deposits in conjunction with commitments to purchase						6
Cash contributed for interest in operation, management and development of AC Hotels by Marriott									51	37
Acquisition interests in joint ventures									50.00%	50.00%
Number of new joint ventures									2	2
Contingent acquisition period									7 years	7 years
Initial payment to acquire certain assets and a leasehold on a hotel							34	25
Unfunded purchase commitments expiring this year											$ 45	€ 33	$ 45	€ 33

Additional Information - Dispositions (Details)	1 Months Ended	12 Months Ended					12 Months Ended			12 Months Ended			12 Months Ended		0 Months Ended		2 Months Ended
Additional Information - Dispositions (Details)	Nov. 21, 2011 USD ($)	Dec. 31, 2013 USD ($)	Dec. 28, 2012 USD ($) Entity	Dec. 30, 2011 USD ($)	Nov. 10, 2011	Dec. 31, 1999	Dec. 28, 2012 North American Limited Service Joint Venture USD ($)	Dec. 28, 2012 Performance Arrangement North American Limited Service Joint Venture USD ($)	Nov. 21, 2011 Bulk Sale Land USD ($)	Dec. 28, 2012 Sale of Land to Joint Venture in 2005 North American Limited Service Joint Venture USD ($)	Dec. 30, 2011 Hotel Sold and Terminated Lease Agreement USD ($) location	Dec. 31, 2013 Luxury Segment London EDITION Hotel USD ($)	Dec. 31, 2013 International Segment Right to Acquire Landlord's Interest in Real Estate Property USD ($)	Dec. 31, 2013 International Segment Right to Acquire Landlord's Interest in Real Estate Property EUR (€)	Jan. 07, 2014 Subsequent Event hotel	Jan. 07, 2014 Subsequent Event Luxury Segment London EDITION Hotel USD ($)	Feb. 20, 2014 Subsequent Event International Segment Right to Acquire Landlord's Interest in Real Estate Property USD ($)	Feb. 20, 2014 Subsequent Event International Segment Right to Acquire Landlord's Interest in Real Estate Property EUR (€)
Significant Acquisitions and Disposals [Line Items]
Proceeds from dispositions		$ 0	$ 65,000,000	$ 20,000,000												$ 240,000,000
Number of hotels															3
Assets held-for-sale																815,000,000
Assets, reclassified												244,000,000	106,000,000	77,000,000
Assets, property, plant and equipment, reclassified												236,000,000	105,000,000	76,000,000
Assets, current assets, reclassified												8,000,000	1,000,000	1,000,000
Liabilities, reclassified												13,000,000	48,000,000	35,000,000
Asset impairments and write-offs													2,000,000	2,000,000
Cash proceeds from sale of rights to acquire property and attached assets																	62,000,000	45,000,000
Noncash proceeds from sale of rights to acquire property and attached assets																	45,000,000	33,000,000
Number of joint ventures merged before sale			2
Proceeds from sale of interest in joint venture							96,000,000	30,000,000
Total gain recognized on disposal							41,000,000
Deferred gain on sale, amount recognized in current period										20,000,000
Gain on sale of interest in joint venture							21,000,000
Deferred revenue recognized							7,000,000
Spin-off distribution ratio, spinnee shares received					1
Spin-off distribution ratio, spinnor shares held					10
Gain (loss) recognized as a result of spin-off	0
Cash proceeds received									17,000,000		1,000,000
Net gain (loss) from disposition									2,000,000		(2,000,000)
Hotel or property, ownership interest sold						89.00%					11.00%
Number of properties sold											1
Increase (decrease) in assets due to sale of interest											(19,000,000)
Increase (decrease) in liabilities due to sale of interest											$ (17,000,000)

Composition of Other Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 28, 2012

Contract acquisition costs and other

$ 1,554

$ 1,512

Accumulated amortization

(423)

(397)

Contract acquisition costs and other, net

$ 1,131

^[1]

$ 1,115

^[1]

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

Carrying Amount of Goodwill (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 928	$ 928	$ 929
Accumulated impairment losses	(54)	(54)	(54)
Goodwill, net	$ 874	$ 874	$ 875

Goodwill and Intangible Assets - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Finite-Lived Intangible Assets [Line Items]
Aggregate amortization expense of intangible assets	$ 68	$ 54	$ 57
Estimated aggregate future amortization expense of intangible assets for 2013	59
Estimated aggregate future amortization expense of intangible assets for 2014	59
Estimated aggregate future amortization expense of intangible assets for 2015	59
Estimated aggregate future amortization expense of intangible assets for 2016	59
Estimated aggregate future amortization expense of intangible assets for 2017	$ 59
Lower Limit
Finite-Lived Intangible Assets [Line Items]
Range of amortization life of intangible assets	15 years
Upper Limit
Finite-Lived Intangible Assets [Line Items]
Range of amortization life of intangible assets	30 years

Composition of our Notes Receivable Balances (Net of Reserves) (Detail) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 28, 2012

Receivables [Abstract]

Notes receivable, noncurrent

$ 178

$ 242

Current notes receivable

(36)

(62)

$ 142

^[1]

$ 180

^[1]

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale.

+ References+ Details

Notes Receivable Principal Payments (Net of Reserves and Unamortized Discounts and Interest Rates) (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Receivables [Abstract]
2014	$ 36
2015	85
2016	4
2017	3
2018	5
Thereafter	45
Senior, mezzanine, and other loans	$ 178	$ 242
Weighted average interest rate at year-end 2013	4.60%
Range of stated interest rates at year-end 2013, minimum	0.00%
Range of stated interest rates at year-end 2013, maximum	8.00%

Activity Related to "Senior, mezzanine, and other loans" Notes Receivable Reserve (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 79	$ 78	$ 74
Additions		2	2
Reversals	(2)	(1)
Write-offs		(1)	(7)
Transfers and other	13	1	9
Ending balance	$ 90	$ 79	$ 78

Notes Receivable - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011	Dec. 31, 2010
Receivables [Abstract]
Investment in impaired loans	$ 99	$ 93
Notes receivable reserve representing an allowance for credit losses	90	79	78	74
Investment in impaired loans with no related allowance for credit losses	9	14
Average investment in impaired loans	96	94	89
Notes receivable, past due	$ 0	$ 7

Long-Term Debt (Detail) (USD $)

Dec. 31, 2013

Sep. 30, 2013

Dec. 28, 2012

$2,000 Credit Facility

$ 0

$ 15,000,000

Other current liabilities (liabilities held for sale)

180,000,000

186,000,000

Long-term debt

3,199,000,000

2,935,000,000

(46,000,000)

Less current portion

(6,000,000)

(407,000,000)

Long-term debt, noncurrent

3,147,000,000

2,528,000,000

Multicurrency revolving credit agreement, aggregate effective borrowings

2,000,000,000

Commercial Paper

Commercial paper, average interest rate of 0.4% at December 31, 2013

834,000,000

501,000,000

Long-term debt, average interest rate

0.40%

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

312,000,000

^[1]

309,000,000

^[1]

5.80%

316,000,000

6.70%

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

289,000,000

^[1]

289,000,000

^[1]

6.20%

289,000,000

6.40%

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

292,000,000

^[1]

292,000,000

^[1]

6.40%

293,000,000

6.50%

Series J, Senior Notes matured February 15, 2013

^[1]

400,000,000

^[1]

Series K, Senior Notes 3.000% Due March 1, 2019

595,000,000

^[1]

594,000,000

^[1]

3.00%

600,000,000

4.40%

Series L, Senior Notes 3.250% Due September 15, 2022

349,000,000

^[1]

349,000,000

^[1]

3.25%

350,000,000

3.40%

Series M Senior Notes 3.375% Due October 15, 2020

348,000,000

^[1]

3.375%

$ 350,000,000

3.60%

[1]	Face amount and effective interest rate are as of year-end 2013.

Long-Term Debt - Additional Information (Detail) (USD $)	12 Months Ended			3 Months Ended		12 Months Ended		12 Months Ended		3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011	Sep. 30, 2013 Series M Senior Notes 3.375% Due October 15, 2020	Dec. 31, 2013 Series M Senior Notes 3.375% Due October 15, 2020	Dec. 28, 2012 Series L, Senior Notes 3.250% Due September 15, 2022	Dec. 31, 2013 Series L, Senior Notes 3.250% Due September 15, 2022	Dec. 28, 2012 Series K, Senior Notes 3.000% Due March 1, 2019 offering	Dec. 31, 2013 Series K, Senior Notes 3.000% Due March 1, 2019	Mar. 31, 2013 Series J, Senior Notes matured February 15, 2013	Dec. 28, 2012 Series F, Senior Notes matured June 15, 2012	Dec. 28, 2012 Offering One Series K, Senior Notes 3.000% Due March 1, 2019	Dec. 28, 2012 Offering Two Series K, Senior Notes 3.000% Due March 1, 2019
Debt Instrument [Line Items]
Senior Notes, face amount				$ 350,000,000	$ 350,000,000	$ 350,000,000	$ 350,000,000	$ 600,000,000	$ 600,000,000			$ 400,000,000	$ 200,000,000
Debt instrument, stated interest rate				3.375%	3.375%	3.25%	3.25%	3.00%	3.00%
Proceeds from debt, net of issuance costs				345,000,000
Number of offerings comprising notes								2
Issuance of long-term debt	345,000,000	936,000,000	118,000,000			346,000,000		590,000,000
Payment made to retire debt at maturity										411,000,000	356,000,000
Multicurrency revolving credit agreement, aggregate effective borrowings	2,000,000,000
Cash paid for interest, net of amounts capitalized	$ 83,000,000	$ 83,000,000	$ 130,000,000

Debt Principal Payments (Net of Unamortized Discounts) (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Debt Disclosure [Abstract]
2014	$ 52
2015	319
2016	297
2017	301
2018	843
Thereafter	1,387
Long-term debt	$ 3,199	$ 2,935

Self-Insurance Reserve for Losses and Loss Adjustment Expenses (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012
Self-Insurance Reserve for Losses and Loss Adjustment Expenses [Roll Forward]
Balance at beginning of year	$ 342	$ 330
Less: reinsurance recoverable	(5)	(5)
Net balance at beginning of year	337	325
Incurred related to:
Current year	116	108
Prior year	8	(11)
Total incurred	124	97
Paid related to:
Current year	(25)	(28)
Prior year	(79)	(57)
Total paid	(104)	(85)
Net balance at end of year	357	337
Add: reinsurance recoverable	5	5
Balance at end of year	$ 362	$ 342

Self-Insurance Reserve for Losses and Loss Adjustment Expenses - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Self-Insurance Reserve for Losses and Loss Adjustment Expenses Disclosure [Abstract]
Increase (decrease) in provision for unpaid loss and loss adjustment expenses, current year	$ 8
Increase (decrease) in provision for unpaid loss and loss adjustment expenses, prior years	8	(11)
Self-insurance reserve	362	342	330
Self-insurance reserve, current portion	120	103
Self-insurance reserve, long-term portion	$ 242	$ 239

Shareholders' (Deficit) Equity - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011	Dec. 31, 2010
Equity [Abstract]
Class A Common Stock, authorized (in shares)	800,000,000
Class A Common Stock, par value (in USD per share)	$ 0.01
Preferred stock, authorized (in shares)	10,000,000
Preferred stock, no par value
Class A Common Stock, outstanding (in shares)	298,000,000	310,900,000	333,000,000	366,900,000
Preferred stock, outstanding (in shares)	0

Accumulated Other Comprehensive Income Activity (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at year-end, beginning balance	$ (44)	$ (48)	$ (2)
Other comprehensive income (loss) before reclassifications	6	2	(54)
Amounts reclassified from accumulated other comprehensive loss	(6)	2	8
Net other comprehensive (loss) income	0	4	(46)
Balance at year-end, ending balance	(44)	(44)	(48)
Other comprehensive income (loss), before reclassifications, other derivative instrument adjustments, deferred tax		(1)	14
Other comprehensive income (loss), before reclassifications, unrealized gains on available-for-sale securities, deferred tax	(2)	4
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at year-end, beginning balance	(32)	(37)	(4)
Other comprehensive income (loss) before reclassifications	1	4	(31)
Amounts reclassified from accumulated other comprehensive loss	0	1	(2)
Net other comprehensive (loss) income	1	5	(33)
Balance at year-end, ending balance	(31)	(32)	(37)
Other Derivative Instrument Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at year-end, beginning balance	(19)	(18)	2
Other comprehensive income (loss) before reclassifications	0	(2)	(20)
Amounts reclassified from accumulated other comprehensive loss	0	1	0
Net other comprehensive (loss) income	0	(1)	(20)
Balance at year-end, ending balance	(19)	(19)	(18)
Unrealized Gains (Losses) on Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at year-end, beginning balance	7	7	0
Other comprehensive income (loss) before reclassifications	5	0	(3)
Amounts reclassified from accumulated other comprehensive loss	(6)	0	10
Net other comprehensive (loss) income	(1)	0	7
Balance at year-end, ending balance	$ 6	$ 7	$ 7

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Reclassification out of Accumulated Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Gains and other income

$ 11

^[1]

$ 42

^[1]

$ (7)

^[1]

Income before income taxes

(120)

^[1]

(137)

^[1]

(164)

^[1]

897

849

356

(271)

(278)

(158)

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

626

571

198

Other Derivative Instrument Adjustments | Reclassification out of Accumulated Other Comprehensive Income

Base management and franchise fees

Income before income taxes

(5)

(2)

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Unrealized Gains (Losses) on Available-For-Sale Securities | Reclassification out of Accumulated Other Comprehensive Income

Gains and other income

Income before income taxes

(4)

$ 6

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

+ Details

Contingencies - Guarantees (Details) In Millions, unless otherwise specified	Dec. 31, 2013 Lease Obligations and Debt Securities Payable USD ($)	Dec. 31, 2013 Primary Obligor USD ($)	Dec. 31, 2013 Primary Obligor Other Current Liabilities USD ($)	Dec. 31, 2013 Primary Obligor Other Long Term Liabilities USD ($)	Dec. 31, 2013 Primary Obligor Guarantee, Indebtedness of Others USD ($)	Dec. 31, 2013 Primary Obligor Guarantee, Operating Profit USD ($)	Dec. 31, 2013 Primary Obligor Not Yet In Effect Condition Guarantee, Indebtedness of Others USD ($)	Dec. 31, 2013 Primary Obligor Not Yet In Effect Condition Guarantee, Operating Profit USD ($)	Dec. 31, 2013 Primary Obligor Not Yet In Effect Condition Other Guarantees USD ($)	Dec. 31, 2013 Secondarily Liable USD ($)	Dec. 31, 2013 Secondarily Liable Debt Securities Payable USD ($)	Dec. 28, 2012 Sunrise Senior Living Inc Secondarily Liable USD ($)	Dec. 31, 2013 Sunrise Senior Living Inc Secondarily Liable Property Lease Guarantee USD ($)	Mar. 31, 2013 Sunrise Senior Living Inc Secondarily Liable Property Lease Guarantee USD ($)	Dec. 31, 2013 Sunrise Senior Living Inc Secondarily Liable Debt Securities Payable USD ($)	Dec. 31, 2013 CNL Retirement Properties Inc Secondarily Liable Debt Securities Payable USD ($)	Dec. 31, 2013 Five Star Senior Living Secondarily Liable Debt Securities Payable USD ($)	Dec. 31, 2013 Renaissance Hotel Group N.V. Secondarily Liable Property Lease Guarantee USD ($)	Dec. 31, 2013 Renaissance Hotel Group N.V. Secondarily Liable Property Lease Guarantee EUR (€)	Sep. 09, 2005 Renaissance Hotel Group N.V. Secondarily Liable Property Lease Guarantee EUR (€)	Dec. 31, 2013 MVW Spin-off Secondarily Liable USD ($)	Dec. 31, 2013 Accenture [Member] Secondarily Liable Property Lease Guarantee USD ($)	Sep. 30, 2013 Accenture [Member] Secondarily Liable Property Lease Guarantee lease	Dec. 31, 2013 Letter of Credit Key Bank Sunrise Senior Living Inc Secondarily Liable Property Lease Guarantee USD ($)	Dec. 31, 2013 Expiration in 2014 MVW Spin-off Secondarily Liable USD ($)	Dec. 31, 2013 Expiration in 2017 MVW Spin-off Secondarily Liable USD ($)	Dec. 31, 2013 Expiration in 2022 MVW Spin-off Secondarily Liable USD ($)	Dec. 31, 2013 Expiration in 2022 MVW Spin-off Secondarily Liable SGD	Dec. 31, 2013 ExecuStay Property Lease Guarantee USD ($)	Dec. 31, 2013 ExecuStay Secondarily Liable Lease is Terminated After End of 2013 Property Lease Guarantee USD ($)	Dec. 31, 2013 Lower Limit	Dec. 31, 2013 Upper Limit
Commitments and Contingencies Disclosure [Line Items]
Guarantee obligations, term													5 years																		4 years	10 years
Liability for guarantees	$ 3	$ 46	$ 2	$ 44	$ 4	$ 40															$ 2								$ 1
Maximum potential amount of future fundings		199			83	99	20	11	1	102	27		75		4	22	1				17				2	3	12	16		6
Cash collateral in the event funding is required												3
Cash collateral in the event funding is required													1
Letter of credit provided by Sunrise, amount available																								85
Collateral for continuing lease obligation contingency, future minimum annual payments due													1	2
Annual rent payments, approximately																		6
Remaining rent payments, approximately																		35				6
Guarantee obligations, cash collateralized																		$ 5	€ 4	€ 35
Number of leases																							2

Contingencies - Commitments and Letters of Credit (Details) In Millions, unless otherwise specified	12 Months Ended													12 Months Ended								3 Months Ended
	Dec. 31, 2013 USD ($)	Dec. 31, 2013 EUR (€)	Dec. 31, 2013 Real Estate Investment USD ($)	Dec. 31, 2013 Real Estate Investment EUR (€)	Dec. 31, 2013 Information Technology, Software and Maintenance Services USD ($)	Dec. 31, 2013 Renovation of Leased Hotel USD ($)	Dec. 31, 2013 Commitments USD ($)	Jan. 14, 2014 New York City EDITION Hotel USD ($)	Dec. 31, 2013 Full Service and Limited Service Equity Investment For Noncontrolling Interest In Partnership Commitment USD ($)	Dec. 31, 2013 Limited Service Equity Investment For Noncontrolling Interest In Partnership Commitment USD ($)	Dec. 31, 2013 Upper Limit Real Estate Investment USD ($)	Dec. 31, 2013 Upper Limit Full Service and Limited Service Equity Investment For Noncontrolling Interest In Partnership Commitment USD ($)	Dec. 31, 2013 Upper Limit Limited Service Equity Investment For Noncontrolling Interest In Partnership Commitment USD ($)	Dec. 31, 2013 Group 4 Investment in Other Joint Venture Commitment Entity	Dec. 31, 2013 Group 4 Investment in Other Joint Venture Commitment Entity	Dec. 28, 2012 Group 4 Investment in Other Joint Venture Commitment USD ($)	Dec. 28, 2012 Group 4 Investment in Other Joint Venture Commitment EUR (€)	Dec. 30, 2011 Group 4 Investment in Other Joint Venture Commitment USD ($)	Dec. 30, 2011 Group 4 Investment in Other Joint Venture Commitment EUR (€)	Dec. 31, 2013 Outside Effective Credit Facility USD ($)	Dec. 31, 2013 Line of Credit Facility USD ($)	Jun. 30, 2013 Debt Securities Mandatorily Redeemable Preferred Equity Ownership Interest hotel	Dec. 31, 2013 Debt Securities Mandatorily Redeemable Preferred Equity Ownership Interest USD ($)
Commitments and Contingencies Disclosure [Line Items]
Investment commitments											$ 11	$ 10	$ 23										$ 10
Investment commitments expected to be funded									8
Investment commitments expected to be funded in 2014			8			18			6	15
Investment commitments expected to be funded in 2015			3						2	8
Investment commitments not expected to be funded							35		2
Acquisition interests in joint ventures														45.00%	45.00%
Number of new joint ventures														2	2
Contingent acquisition period														7 years	7 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
Unfunded purchase commitments expiring this year			45	33
Purchase commitments expected to be funded within two years					152
Purchase commitments expected to be funded in 2014					107
Purchase commitments expected to be funded in 2015					32
Purchase commitments expected to be funded in 2016					13
Number of hotels																						3
Put option agreement, amount								315
Put option agreement, term								2 years
Put option agreement, extended term								3 years
Letters of credit outstanding	80																			79	1
Surety bonds issued	$ 122

Maximum Potential Amount of Future Fundings as the Primary Obligor for Guarantees and the Liability for Expected Future Fundings (Detail) (Primary Obligor, USD $) In Millions, unless otherwise specified	Dec. 31, 2013
Guarantor Obligations [Line Items]
Maximum Potential Amount of Future Fundings	$ 199
Liability for Guarantees	46
Guarantee, Indebtedness of Others
Guarantor Obligations [Line Items]
Maximum Potential Amount of Future Fundings	83
Liability for Guarantees	4
Guarantee, Operating Profit
Guarantor Obligations [Line Items]
Maximum Potential Amount of Future Fundings	99
Liability for Guarantees	40
Guarantee, Other
Guarantor Obligations [Line Items]
Maximum Potential Amount of Future Fundings	17
Liability for Guarantees	$ 2

Business Segments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Sep. 09, 2011	Dec. 31, 2013 segment	Dec. 28, 2012	Dec. 30, 2011
Segment Reporting Information [Line Items]
Number of business segments		4
Revenues		$ 12,784	$ 11,814	$ 12,317
Segment financial results		897	849	356
Impairment charges	(324)	0	0	(324)
Property and equipment		1,543	1,539
Total segment
Segment Reporting Information [Line Items]
Selling expenses		49	53	354
Revenues		12,518	11,526	12,197
Total segment \| International Operations
Segment Reporting Information [Line Items]
Revenues		2,149	1,912	1,945
Segment financial results		269	283	172
Property and equipment		238	491
Total segment \| Asia
Segment Reporting Information [Line Items]
Segment financial results		91
Total segment \| Europe
Segment Reporting Information [Line Items]
Segment financial results		50
Total segment \| Americas Excluding The United States
Segment Reporting Information [Line Items]
Segment financial results		84
Total segment \| Middle East And Africa
Segment Reporting Information [Line Items]
Segment financial results		18
Total segment \| Ireland and the United Kingdom
Segment Reporting Information [Line Items]
Segment financial results		26
Total segment \| Former Timeshare Segment
Segment Reporting Information [Line Items]
Percentage of selling expense				82.00%
Revenues		0	0	1,438
Assets held for sale
Segment Reporting Information [Line Items]
Fixed assets, held for sale		$ 341

Revenues (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 12,784	$ 11,814	$ 12,317
Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	12,518	11,526	12,197
Total segment \| North American Full-Service Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	6,601	5,965	5,450
Total segment \| North American Limited-Service Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,601	2,466	2,358
Total segment \| International Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,522	1,330	1,278
Total segment \| Luxury Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,794	1,765	1,673
Total segment \| Former Timeshare Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	0	0	1,438
Other unallocated corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 266	$ 288	$ 120

Net Income (Detail) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Interest expense and interest income

$ (97)

^[1]

$ (120)

^[1]

$ (107)

^[1]

Income taxes

(271)

(278)

(158)

626

571

198

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

120

^[2]

137

^[2]

164

^[2]

Former Timeshare Segment

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Total segment

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

1,197

1,173

765

Total segment | North American Full-Service Segment

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

451

407

351

Total segment | North American Limited-Service Segment

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

478

472

382

Total segment | International Segment

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

160

192

175

Total segment | Luxury Segment

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

108

102

Total segment | Former Timeshare Segment

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

(217)

Other unallocated corporate

$ (203)

$ (204)

$ (302)

[1]	The $164 million of interest expense shown on the Income Statement for year-end 2011 includes $43 million that we allocated to our former Timeshare segment.
[2]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ Details

Equity in Losses of Equity Method Investees (Detail) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

$ (5)

^[1]

$ (13)

^[1]

$ (13)

^[1]

Total segment

(3)

(11)

(15)

Total segment | North American Full-Service Segment

Total segment | North American Limited-Service Segment

(2)

Total segment | International Segment

(6)

(2)

(4)

Total segment | Luxury Segment

(4)

(13)

(10)

Total segment | Former Timeshare Segment

Other unallocated corporate

$ (2)

$ 2

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

Segment Reporting Disclosure [Line Items]

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

+ References+ Details

Depreciation and Amortization (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 127	$ 102	$ 144
Total segment
Segment Reporting Information [Line Items]
Depreciation and amortization	120	95	137
Total segment \| North American Full-Service Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	45	38	31
Total segment \| North American Limited-Service Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	21	16	23
Total segment \| International Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	31	24	26
Total segment \| Luxury Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	23	17	28
Total segment \| Former Timeshare Segment
Segment Reporting Information [Line Items]
Depreciation and amortization	0	0	29
Other unallocated corporate
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 7	$ 7	$ 7

Assets (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 6,794	$ 6,342
Total segment
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	4,726	4,239
Total segment \| North American Full-Service Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,662	1,517
Total segment \| North American Limited-Service Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	470	492
Total segment \| International Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,154	1,056
Total segment \| Luxury Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,440	1,174
Other unallocated corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 2,068	$ 2,103

Equity Method Investments (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Segment Reporting Information [Line Items]
Equity method investments	$ 207	$ 195
Total segment
Segment Reporting Information [Line Items]
Equity method investments	199	186
Total segment \| North American Full-Service Segment
Segment Reporting Information [Line Items]
Equity method investments	13	13
Total segment \| North American Limited-Service Segment
Segment Reporting Information [Line Items]
Equity method investments	44	44
Total segment \| International Segment
Segment Reporting Information [Line Items]
Equity method investments	113	100
Total segment \| Luxury Segment
Segment Reporting Information [Line Items]
Equity method investments	29	29
Other unallocated corporate
Segment Reporting Information [Line Items]
Equity method investments	$ 8	$ 9

Goodwill (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Segment Reporting Information [Line Items]
Goodwill	$ 928	$ 928	$ 929
Accumulated impairment losses	(54)	(54)	(54)
Goodwill, net	874	874	875
Total segment \| North American Full-Service Segment
Segment Reporting Information [Line Items]
Goodwill	335	335	335
Accumulated impairment losses	0	0	0
Goodwill, net	335	335	335
Total segment \| North American Limited-Service Segment
Segment Reporting Information [Line Items]
Goodwill	125	125	126
Accumulated impairment losses	(54)	(54)	(54)
Goodwill, net	71	71	72
Total segment \| International Segment
Segment Reporting Information [Line Items]
Goodwill	298	298	298
Accumulated impairment losses	0	0	0
Goodwill, net	298	298	298
Total segment \| Luxury Segment
Segment Reporting Information [Line Items]
Goodwill	170	170	170
Accumulated impairment losses	0	0	0
Goodwill, net	$ 170	$ 170	$ 170

Capital Expenditures (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Segment Reporting Information [Line Items]
Capital expenditures	$ 404	$ 437	$ 183
Total segment
Segment Reporting Information [Line Items]
Capital expenditures	354	372	124
Total segment \| North American Full-Service Segment
Segment Reporting Information [Line Items]
Capital expenditures	128	9	8
Total segment \| North American Limited-Service Segment
Segment Reporting Information [Line Items]
Capital expenditures	8	19	11
Total segment \| International Segment
Segment Reporting Information [Line Items]
Capital expenditures	37	38	52
Total segment \| Luxury Segment
Segment Reporting Information [Line Items]
Capital expenditures	181	306	40
Total segment \| Former Timeshare Segment
Segment Reporting Information [Line Items]
Capital expenditures	0	0	13
Other unallocated corporate
Segment Reporting Information [Line Items]
Capital expenditures	$ 50	$ 65	$ 59

Spin-off - Additional Information (Detail) (USD $)

1 Months Ended

3 Months Ended

11 Months Ended

12 Months Ended

11 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

Nov. 21, 2011

Sep. 09, 2011

Nov. 20, 2011

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Nov. 10, 2011

Nov. 20, 2011

Warehouse Facility

Oct. 28, 2011

Preferred Stock Sale

Sep. 09, 2011

Inventory

Sep. 09, 2011

Property and Equipment

Dec. 28, 2012

Former Timeshare Segment

Dec. 28, 2012

Lower Limit

Former Timeshare Segment

Dec. 28, 2012

Upper Limit

Former Timeshare Segment

Sep. 09, 2011

Subsidiary, MVW

Warehouse Facility

Spin-off distribution ratio, spinnee shares received

Spin-off distribution ratio, spinnor shares held

Franchise fees, annual fee for use of Marriott timeshare and Ritz-Carlton fractional brands

$ 50,000,000

Franchise fees, percentage of developer contract sales

2.00%

Franchise fees, percentage of gross resales

1.00%

Decrease to stockholders' equity resulting from spin-off transaction

(3,000,000)

^[1]

1,162,000,000

^[1]

Spin-off transaction expenses recognized

34,000,000

Spin-off cash distribution, net

160,000,000

122,000,000

Secured warehouse credit facility to be used on short-term financing

2,000,000,000

300,000,000

Proceeds from sale of stock in MVW, net

38,000,000

Gain (loss) recognized as a result of spin-off

Timeshare strategy impairment, land sales time period

18 months

24 months

Timeshare strategy impairment, inventory sales time period

3 years

Timeshare strategy-impairment charges

324,000,000

256,000,000

68,000,000

Timeshare strategy-impairment charges, after-tax

$ 234,000,000

[1]	The abbreviation MVW means Marriott Vacations Worldwide Corporation.

Spin-off - Net Assets Contributed (Details) (MVW Spin-off, USD $) In Millions, unless otherwise specified	Nov. 21, 2011
MVW Spin-off
Segment Reporting Disclosure [Line Items]
Cash and equivalents	$ 52
Accounts and notes receivable	247
Inventory	982
Other current assets	293
Property and equipment and other	284
Loans to timeshare owners	987
Other current liabilities	(533)
Current portion of long-term debt	(122)
Long-term debt	(773)
Other long-term liabilities	(255)
SPIN-OFF OF MVW	$ 1,162

Cash Flows Between us and the Timeshare Notes Securitization Variable Interest Entities (Detail) (Former Timeshare Segment, USD $) In Millions, unless otherwise specified	11 Months Ended
	Nov. 20, 2011
Former Timeshare Segment
Variable Interest Entity [Line Items]
Proceeds from securitization	$ 122
Principal receipts	188
Interest receipts	112
Total	422
Principal to investors	(185)
Repurchases	(64)
Interest to investors	(39)
Total	(288)
Net Cash Flows	$ 134

Variable Interest Entities - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified

12 Months Ended

11 Months Ended

12 Months Ended

11 Months Ended

3 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Dec. 31, 2013

Lower Limit

Dec. 31, 2013

Upper Limit

Dec. 31, 2013

CTF Entity

location

Dec. 30, 2011

CTF Entity

Nov. 20, 2011

Variable Interest Entity, Primary Beneficiary

Securitized Notes Receivable

Dec. 31, 2013

Variable Interest Entity, Not Primary Beneficiary

CTF Entity

Entity

location

Dec. 31, 2013

Variable Interest Entity, Not Primary Beneficiary

CTF Entity

Liability Exposure for Rent Payments

Secondarily Liable

Dec. 31, 2013

Variable Interest Entity, Not Primary Beneficiary

CTF Entity

Partial Liability Exposure for Rent Payments

Secondarily Liable

Nov. 20, 2011

Former Timeshare Segment

Dec. 30, 2011

Former Timeshare Segment

Nov. 20, 2011

Interest Income

Nov. 20, 2011

Interest Income

Variable Interest Entity, Primary Beneficiary

Securitized Notes Receivable

Jun. 30, 2013

Debt Securities

Mandatorily Redeemable Preferred Equity Ownership Interest

hotel

Dec. 31, 2013

Debt Securities

Mandatorily Redeemable Preferred Equity Ownership Interest

Dec. 31, 2013

Property Lease Guarantee

CTF Entity

location

Variable Interest Entity [Line Items]

Interest income

$ 0

$ 1,088

$ 143

$ 116

Debt issuance cost amortization

120

^[1]

137

^[1]

164

^[1]

Limit to repurchasing defaulted mortgage notes at the outstanding principal balance

10.00%

20.00%

Defaulted notes voluntarily repurchased

Non defaulted notes voluntarily repurchased

Held-to-maturity securities

Number of hotels

Maximum exposure to loss

Percent of tenant entities owned by CTF

100.00%

Number of hotels managed

Number of tenant entities to whom hotel management services provided

Number of properties fully released from guarantees with CTF

Number of properties partially released from guarantees with CTF

CTF trust account

Number of hotels liable cash flow shortfalls

Future lease payment

$ 5

$ 4

Number of additional hotels liable cash flow shortfalls

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

Future Obligations Under Operating Leases (Detail) (Primary Obligations Operating Leases, USD $) In Millions, unless otherwise specified	Dec. 31, 2013
Primary Obligations Operating Leases
Operating Leased Assets [Line Items]
Minimum operating lease payments - 2014	$ 134
Minimum operating lease payments - 2015	130
Minimum operating lease payments - 2016	118
Minimum operating lease payments - 2017	103
Minimum operating lease payments - 2018	86
Minimum operating lease payments - thereafter	583
Total minimum operating lease payments where we are the primary obligor	$ 1,154

Leases - Additional Information (Detail) (USD $) In Millions, unless otherwise specified			12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 31, 2013 Lower Limit Contract	Dec. 31, 2013 Upper Limit	Dec. 31, 2013 Primary Obligations Operating Leases	Dec. 31, 2013 Consolidated Subsidiaries Non Recourse to Parent Primary Obligations Operating Leases	Dec. 31, 2013 Secondarily Liable CTF Entity Variable Interest Entity, Not Primary Beneficiary
Operating Leased Assets [Line Items]
Leases, initial terms				20 years
Number of lease renewal options			1
Renewal option period			5 years	10 years
Obligations of consolidated subsidiaries					$ 1,154	$ 264	$ 4
Capital leases, total minimum lease payments	53
Present value of net minimum lease payments associated with capital leases	51	50
Other current liabilities (liabilities held-for-sale)	46	0
Capital leases, future minimum payments due, remainder of fiscal year	$ 5

Composition of Rent Expense Associated with Operating Leases (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Leases [Abstract]
Minimum rentals	$ 159	$ 188	$ 240
Additional rentals	56	62	66
Operating leases, rent expense, total	$ 215	$ 250	$ 306

Incentive management fees

The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved.

+ References+ Details

Related Party Transactions - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013
Related Party Transaction [Line Items]
Undistributed earnings	$ 2
Lower Limit
Related Party Transaction [Line Items]
Ownership interest in equity method investments	10.00%
Upper Limit
Related Party Transaction [Line Items]
Ownership interest in equity method investments	49.00%

Financial Data Resulting from Transactions with Related Parties, Income Statement Data (Detail) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2013

Dec. 28, 2012

Dec. 30, 2011

Base management fees

$ 621

^[1]

$ 581

^[1]

$ 602

^[1]

256

^[1]

232

^[1]

195

^[1]

Cost reimbursements

10,291

^[1]

9,405

^[1]

8,843

^[1]

General, administrative, and other

12,784

11,814

12,317

(726)

^[1]

(645)

^[1]

(752)

^[1]

Reimbursed costs

(10,291)

^[1]

(9,405)

^[1]

(8,843)

^[1]

Related Party Transactions

Base management fees

Incentive management fees

Cost reimbursements

236

315

383

Owned, leased, corporate housing, and other

General, administrative, and other

255

349

428

(5)

Reimbursed costs

(236)

(315)

(383)

Gains and other income

Interest expense-capitalized

Interest income

Equity in losses

$ (5)

$ (13)

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

Financial Data Resulting from Transactions with Related Parties, Balance Sheet Data (Detail) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 28, 2012

Current assets-accounts and notes receivable

$ 1,081

^[1]

$ 1,028

^[1]

Contract acquisition costs and other

1,131

^[1]

1,115

^[1]

Equity and cost method investments

222

^[1]

216

^[1]

Deferred taxes, net asset

926

950

Current liabilities:

(629)

^[1]

(459)

^[1]

Current assets-accounts and notes receivable

(912)

^[1]

(898)

^[1]

Related Party Transactions

Contract acquisition costs and other

Equity and cost method investments

207

195

Deferred taxes, net asset

Current liabilities:

(13)

(2)

$ (2)

[1]	See Footnote No. 18, "Related Party Transactions," to our Consolidated Financial Statements for disclosure of related party amounts.

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.

+ References+ Details

Equity Method Investment Summarized Financial Information, Income Statement (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 28, 2012	Dec. 30, 2011
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Sales	$ 721	$ 902	$ 1,215
Net income (loss)	$ 15	$ (4)	$ (58)

The amount of net income (loss) reported by an equity method investment of the entity.

+ References+ Details

Equity Method Investment Summarized Financial Information, Balance Sheet (Detail) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 28, 2012
Related Party Transactions [Abstract]
Assets (primarily comprised of hotel real estate managed by us)	$ 1,832	$ 1,486
Liabilities	$ 1,482	$ 1,245

The amount of assets reported by an equity method investment of the entity.

+ References+ Details