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.

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Organization, Consolidation and Presentation of Financial Statements [Abstract]

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).

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash and equivalents	$ 192	$ 126
Accounts and notes receivable, net	1,057	1,081
Current deferred taxes, net	202	252
Prepaid expenses	58	67
Other	28	27
Assets held for sale	0	350
Assets, Current, Total	1,537	1,903
Property and equipment	1,647	1,543
Intangible assets
Goodwill	894	874
Contract acquisition costs and other	1,334	1,131
Goodwill And Intangible Assets, Net, Total	2,228	2,005
Equity and cost method investments	229	222
Notes receivable, net	220	142
Deferred taxes, net	617	647
Other	352	332
Total Assets	6,830	6,794
Current liabilities
Current portion of long-term debt	7	6
Accounts payable	617	557
Accrued payroll and benefits	771	817
Liability for guest loyalty programs	659	666
Other	636	629
Liabilities, Current, Total	2,690	2,675
Long-term debt	3,397	3,147
Liability for guest loyalty programs	1,555	1,475
Other long-term liabilities	908	912
Shareholders’ deficit
Class A Common Stock	5	5
Additional paid-in-capital	2,707	2,716
Retained earnings	4,030	3,837
Treasury stock, at cost	(8,423)	(7,929)
Accumulated other comprehensive loss	(39)	(44)
Stockholders' Deficit Attributable to Parent	(1,720)	(1,415)
Liabilities and Deficit, Total	$ 6,830	$ 6,794

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
OPERATING ACTIVITIES
Net income	$ 364	$ 315
Adjustments to reconcile to cash provided by operating activities:
Depreciation, amortization, and other	83	58
Share-based compensation	54	61
Income taxes	57	85
Liability for guest loyalty programs	68	20
Working capital changes	(17)	26
Other	60	45
Net cash provided by operating activities	669	610
INVESTING ACTIVITIES
Capital expenditures	(156)	(148)
Dispositions	292	0
Loan advances	(103)	(4)
Loan collections	17	43
Equity and cost method investments	(5)	(16)
Contract acquisition costs	(28)	(26)
Acquisition of a business, net of cash acquired	(184)	0
Other	(16)	(68)
Net cash used in investing activities	(183)	(219)
FINANCING ACTIVITIES
Commercial paper/Credit Facility, net	250	553
Repayment of long-term debt	(3)	(403)
Issuance of Class A Common Stock	99	70
Dividends paid	(109)	(93)
Purchase of treasury stock	(657)	(498)
Net cash used in financing activities	(420)	(371)
INCREASE IN CASH AND EQUIVALENTS	66	20
CASH AND EQUIVALENTS, beginning of period	126	88
CASH AND EQUIVALENTS, end of period	$ 192	$ 108

Basis of Presentation

6 Months Ended

Jun. 30, 2014

Basis of Presentation

BASIS OF PRESENTATION

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

During the 2014 first quarter, we modified the information that our President and Chief Executive Officer, who is our "chief operating decision maker" ("CODM"), reviews to be consistent with our continent structure. This structure aligns our business around geographic regions and is designed to enable us to operate more efficiently and to accelerate worldwide growth. We changed our operating segments to reflect this continent structure and have revised our prior period business segment information accordingly. See Footnote No. 11, "Business Segments."

Beginning with the 2014 first quarter, we reclassified amounts attributable to depreciation and amortization that we previously reported under the "General, administrative, and other" and "Owned, leased, and other-direct" captions of our Consolidated Statements of Income and presented these amounts in a separate "Depreciation, amortization, and other" caption. We continue to report depreciation amounts that third party owners reimburse to us under "Reimbursed costs" in our Consolidated Statements of Income. In addition, in our Consolidated Statements of Cash Flows, we reclassified depreciation that third party owners reimburse to us from the "Depreciation, amortization, and other" caption to the "Other" caption. We have reclassified the prior period amounts presented to conform to our 2014 presentation of these items.

These Financial Statements have not been audited. We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”). The financial statements in this report should be read in conjunction with the consolidated financial statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (“2013 Form 10-K”). Certain terms not otherwise defined in this Form 10-Q have the meanings specified in our 2013 Form 10-K.

Preparation of financial statements that conform with GAAP requires that we 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 our disclosures of contingencies. We base these estimates on historical experience and on various other assumptions that we consider reasonable under the circumstances. Actual results could differ from these estimates.

In 2013, 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, and our 2013 quarters include the three month periods ended March 31, June 30, September 30, and December 31, except that the period ended March 31, 2013 also included December 29, 2012 through December 31, 2012.

The table below shows the reporting periods as we refer to them in this report, their date ranges, and the number of days in each. As shown below, our 2014 first half had three fewer days of activity than our 2013 first half. Our 2014 calendar year will also have three fewer days of activity than our 2013 fiscal year.



Reporting Period	Date Range	Number of Days
2014 second quarter	April 1, 2014 - June 30, 2014	91
2013 second quarter	April 1, 2013 - June 30, 2013	91
2014 first half	January 1, 2014 - June 30, 2014	181
2013 first half	December 29, 2012 - June 30, 2013	184
2014	January 1, 2014 - December 31, 2014	365
2013	December 29, 2012 - December 31, 2013	368

Our Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position as of June 30, 2014, and December 31, 2013, the results of our operations for the three and six months ended June 30, 2014, and June 30, 2013, and cash flows for the six months ended June 30, 2014, and June 30, 2013. Interim results may not be indicative of fiscal year performance because of seasonal and short-term variations. We have eliminated all material intercompany transactions and balances between entities consolidated in these Financial Statements.

New Accounting Standards

Accounting Standards Update No. 2014-09 - “Revenue from Contracts with Customers” (“ASU No. 2014-09”)

ASU No. 2014-09 supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, as well as most industry-specific guidance, and significantly enhances comparability of revenue recognition practices across entities and industries by providing a principles-based, comprehensive framework for addressing revenue recognition issues. In order for a provider of promised goods or services to recognize as revenue the consideration that it expects to receive in exchange for the promised goods or services, the provider should apply the following five steps: (1) identify the contract with a customer(s); (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. ASU No. 2014-09 also specifies the accounting for some costs to obtain or fulfill a contract with a customer and provides enhanced disclosure requirements. ASU No. 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, which for us will be our 2017 first quarter. We are permitted to use the retrospective or modified retrospective method when adopting ASU No. 2014-09. We are still assessing the impact that ASU No. 2014-09 will have on our financial statements and disclosures.

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our effective tax rate increased from 32.1% to 32.6% for the three months ended June 30, 2014 primarily due to higher pre-tax earnings in the U.S. which is taxed at a higher rate. Our effective tax rate decreased from 32.1% to 29.5% for the six months ended June 30, 2014 primarily as a result of a $21 million benefit from the favorable resolution of an issue with U.S. federal taxing authorities related to guest marketing. This benefit compares to a $3 million benefit we recognized in the 2013 first quarter due to retroactive provisions of the American Taxpayer Relief Act of 2012. For the 2014 second quarter, our unrecognized tax benefits balance of $14 million remained unchanged from the 2014 first quarter. For the 2014 first half, our unrecognized tax benefits balance decreased by $20 million from year-end 2013. The unrecognized tax benefits balance included $12 million of tax positions that, if recognized, would impact our effective tax rate. We file income tax returns, including returns for our subsidiaries, in various jurisdictions around the world. The Internal Revenue Service ("IRS") has examined our federal income tax returns, and we have settled all issues for tax years through 2009. We 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, the audits of our open tax years 2010 through 2012 are complete, including all matters that could affect the Company's cash tax benefits related to our spin-off in 2011 of our timeshare operations and timeshare development business, while the 2013 and 2014 tax year audits are currently ongoing. Various foreign, state, and local income tax returns are also under examination by the applicable taxing authorities. We paid cash for income taxes, net of refunds of $54 million in the 2014 first half and $37 million in the 2013 first half.

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.

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Share-Based Compensation

6 Months Ended

Jun. 30, 2014

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 (“common stock”); (2) stock appreciation rights (“SARs”) for our common stock (our “SAR Program”); (3) restricted stock units (“RSUs”) of our common stock; and (4) deferred stock units. We grant awards at exercise prices or strike prices that equal the market price of our common stock on the date of grant.

We recorded share-based compensation expense for award grants of $29 million for the 2014 second quarter, $31 million for the 2013 second quarter, $54 million for the 2014 first half, and $61 million for the 2013 first half. Deferred compensation costs related to unvested awards totaled $166 million at June 30, 2014 and $108 million at December 31, 2013.

RSUs

We granted 1.9 million RSUs during the 2014 first half to certain officers and key employees, and those units vest generally over four years in equal annual installments commencing one year after the grant date. We also granted 0.2 million performance-based RSUs ("PSUs") during the 2014 first half to certain named executive officers and their direct reports, subject to the satisfaction of certain performance conditions over, or at the end of, a three-year vesting period. RSUs, including PSUs, granted in the 2014 first half had a weighted average grant-date fair value of $51.

SARs and Stock Options

We granted 0.3 million SARs and 0.1 million stock options to officers, key employees, and non-employee directors during the 2014 first half. These SARs and options generally expire ten years after the grant date and both vest and may be exercised in cumulative installments of one quarter at the end of each of the first four years following the grant date. The weighted average grant-date fair value of SARs granted in the 2014 first half was $17 and the weighted average exercise price was $53. The weighted average grant-date fair value of stock options granted in the 2014 first half was $17 and the weighted average exercise price was $53.

On the grant date, we use a binomial lattice-based valuation model to estimate the fair value of each SAR and option granted. This valuation model uses a range of possible stock price outcomes over the term of the SAR and option, discounted back to a present value using a risk-free rate. Because of the limitations with closed-form valuation models, such as the Black-Scholes model, we have determined that this more flexible binomial model provides a better estimate of the fair value of our options and SARs because it takes into account employee and non-employee director exercise behavior based on changes in the price of our stock and also allows us to use other dynamic assumptions.

We used the following assumptions to determine the fair value of the SARs and stock options we granted during the 2014 first half:



Expected volatility	29-30%
Dividend yield	1.14	%
Risk-free rate	2.2-2.8%
Expected term (in years)	6-10

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 and non-employee directors. Our valuation model also uses historical data to estimate exercise behaviors, which includes determining the likelihood that employees will exercise their SARs and options before expiration at a certain multiple of stock price to exercise price. In recent years, non-employee directors have generally exercised grants in their last year of exercisability.

Other Information

As of the end of the 2014 second quarter, we had reserved 28 million shares under the Stock Plan, including 8 million shares under the Stock Option Program and the SAR Program.

Fair Value of Financial Instruments

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2014

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 June 30, 2014						At December 31, 2013
($ in millions)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Senior, mezzanine, and other loans	$	220		$	221		$	142		$	145
Marketable securities and other debt securities	114			114			111			111
Total long-term financial assets	$	334		$	335		$	253		$	256

Senior Notes	$	(2,187	)	$	(2,319	)	$	(2,185	)	$	(2,302	)
Commercial paper	(1,086		)	(1,086		)	(834		)	(834		)
Other long-term debt	(119		)	(122		)	(123		)	(124		)
Other long-term liabilities	(57		)	(57		)	(50		)	(50		)
Total long-term financial liabilities	$	(3,449	)	$	(3,584	)	$	(3,192	)	$	(3,310	)

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 the end of our 2014 second quarter was $41 million. We also have 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 $73 million at the end of the 2014 second quarter, including accrued interest income), and we included it in the "Marketable securities and other debt securities" caption in the preceding table. We estimated the $73 million fair value of this debt security by discounting cash flows using risk-adjusted rates, both of which are Level 3 inputs. The debt security matures in 2015 subject to annual extensions through 2018. We do not intend to sell the debt security and it is not more likely than not that we will be required to sell the investment before recovery of the amortized cost basis, which may be maturity.

In the 2013 second quarter, we received $22 million in net cash proceeds for the sale of a portion of our shares of a publicly traded company (with an amortized cost of $14 million at the date of sale) and recognized an $8 million gain in the "Gains and other income" caption of our Income Statements. This gain included recognition of unrealized gains that we recorded in other comprehensive income as of the end of the 2013 first quarter. See Footnote No. 12, "Comprehensive Income and Shareholders' (Deficit) Equity" of the 2013 Form 10-K for additional information on our 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. 8, "Long-term Debt," even though our commercial paper borrowings generally have short-term maturities of 30 days or less, we classify outstanding commercial paper borrowings as long-term based on our ability and intent to refinance them on a long-term basis. As we are a frequent issuer of commercial paper, we use pricing from recent transactions as Level 2 inputs in estimating fair value. At the end of the 2014 second quarter and year-end 2013, we determined that the carrying value of our commercial paper approximated its fair value due to the short maturity. Our other long-term liabilities largely consist of guarantees. As noted in Footnote No. 10, "Contingencies," we measure our liability for guarantees at fair value on a nonrecurring basis, that is when we issue or modify a guarantee, using Level 3 internally developed inputs. At the end of the 2014 second quarter and year-end 2013, we determined that the carrying values of our guarantee liabilities approximated their fair values based on Level 3 inputs.

See the “Fair Value Measurements” caption of Footnote No. 1, “Summary of Significant Accounting Policies” of our 2013 Form 10-K 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

6 Months Ended

Jun. 30, 2014

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:



	Three Months Ended				Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
(in millions, except per share amounts)
Computation of Basic Earnings Per Share
Net income	$	192	$	179	$	364	$	315
Weighted average shares outstanding	292.5		306.7		294.3		309.3
Basic earnings per share	$	0.66	$	0.58	$	1.24	$	1.02
Computation of Diluted Earnings Per Share
Net income	$	192	$	179	$	364	$	315
Weighted average shares outstanding	292.5		306.7		294.3		309.3
Effect of dilutive securities
Employee stock option and SARs plans	3.0		4.0		3.2		4.2
Deferred stock incentive plans	0.7		0.8		0.8		0.8
Restricted stock units	2.5		2.5		2.9		3.0
Shares for diluted earnings per share	298.7		314.0		301.2		317.3
Diluted earnings per share	$	0.64	$	0.57	$	1.21	$	0.99

We compute the effect of dilutive securities using the treasury stock method and average market prices during the period. We have excluded antidilutive stock options and SARs from our calculation of diluted earnings per share of 0.4 million for both the 2013 second quarter and first half because their exercise prices were greater than the average market prices. We had no antidilutive stock options and SARs for the 2014 second quarter and first half.

Property, Plant and Equipment [Abstract]

The entire disclosure for earnings per share.

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Property and Equipment

6 Months Ended

Jun. 30, 2014

Property and Equipment

PROPERTY AND EQUIPMENT

The following table shows the composition of our property and equipment balances at the end of the 2014 second quarter and year-end 2013:



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Land	$	541		$	535
Buildings and leasehold improvements	781			786
Furniture and equipment	788			789
Construction in progress	455			338
	2,565			2,448
Accumulated depreciation	(918		)	(905		)
	$	1,647		$	1,543

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



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Land	$	8		$	8
Buildings and leasehold improvements	58			68
Furniture and equipment	22			37
Construction in progress	2			1
	90			114
Accumulated depreciation	(59		)	(83		)
	$	31		$	31

See Footnote No. 12, "Acquisitions and Dispositions" for information on a $25 million impairment charge we recorded in the 2014 first half on three EDITION hotels in the "Depreciation, amortization, and other" caption of our Income Statement.

Comprehensive Income and Shareholders' (Deficit) Equity

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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Notes Receivable

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Notes Receivable

NOTES RECEIVABLE

The following table shows the composition of our notes receivable balances (net of reserves and unamortized discounts) at the end of the 2014 second quarter and year-end 2013:



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Senior, mezzanine, and other loans	$	249		$	178
Less current portion	(29		)	(36		)
	$	220		$	142

We do not have any past due notes receivable amounts at the end of the 2014 second quarter. In the 2014 second quarter, we provided an $85 million mezzanine loan (net of a $15 million discount) to an owner in conjunction with entering into a franchise agreement for an International property. The following table shows the expected future principal payments (net of reserves and unamortized discounts) as well as interest rates for our notes receivable as of the end of the 2014 second quarter:



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2014	$	16
2015	89
2016	3
2017	3
2018	4
Thereafter	134
Balance at June 30, 2014	$	249
Weighted average interest rate at June 30, 2014	6.0		%
Range of stated interest rates at June 30, 2014	0-9%

The following table shows the unamortized discounts for our notes receivable at the end of the 2014 second quarter and year-end 2013:



Notes Receivable Unamortized Discounts ($ in millions)	Total
Balance at year-end 2013	$	12
Balance at June 30, 2014	$	27

At the end of the 2014 second quarter, our recorded investment in impaired notes receivable was $108 million, and we had a $95 million reserve for credit losses, leaving $13 million of our investment in impaired loans for which we had no related allowance. At year-end 2013, our recorded investment in impaired notes receivable was $99 million, and we had a $90 million reserve for credit losses, leaving $9 million of our investment in impaired loans for which we had no related allowance. The activity related to our notes receivable reserve during the 2014 first half consisted of an increase to fully reserve for recorded interest on an impaired note receivable. Our average investment in impaired notes receivable totaled $105 million for the 2014 second quarter, $104 million for the 2014 first half, $101 million for the 2013 second quarter and $99 million for the 2013 first half.

Long-term Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Long-Term Debt

LONG-TERM DEBT

We provide detail on our long-term debt balances in the following table as of the end of the 2014 second quarter and year-end 2013:



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Senior Notes:
Series G, interest rate of 5.8%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.6%)⁽¹⁾	$	313		$	312
Series H, interest rate of 6.2%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.3%)⁽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 K, interest rate of 3.0%, face amount of $600, maturing March 1, 2019 (effective interest rate of 4.4%)⁽¹⁾	596			595
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			348
Commercial paper, average interest rate of 0.3% at June 30, 2014	1,086			834
$2,000 Credit Facility	—			—
Other	131			180
	3,404			3,199
Less current portion classified in:
Other current liabilities (liabilities held for sale)	—			(46		)
Current portion of long-term debt	(7		)	(6		)
	$	3,397		$	3,147


⁽¹⁾	Face amount and effective interest rate are as of June 30, 2014.

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.

We are a 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, share repurchases, and letters of credit. The availability of the Credit Facility also supports our commercial paper program. Borrowings under the Credit Facility generally bear interest at LIBOR (the London Interbank Offered Rate) plus a spread, based on our public debt rating. We also pay quarterly fees on the Credit Facility at a rate based on our public debt rating. While any outstanding commercial paper borrowings and/or borrowings under our Credit Facility generally have short-term maturities, we classify the outstanding borrowings as long-term based on our ability and intent to refinance the outstanding borrowings on a long-term basis. The Credit Facility expires on July 18, 2018. See the “Cash Requirements and Our Credit Facilities” caption later in this report in the “Liquidity and Capital Resources” section for information on our available borrowing capacity at June 30, 2014.

We show future principal payments for our debt as of the end of the 2014 second quarter in the following table:



Debt Principal Payments ($ in millions)	Amount
2014	$	4
2015	320
2016	297
2017	301
2018	1,095
Thereafter	1,387
Balance at June 30, 2014	$	3,404

We paid cash for interest, net of amounts capitalized, of $41 million in the 2014 first half and $46 million in the 2013 first half.

Comprehensive Income and Shareholders' (Deficit) Equity

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

COMPREHENSIVE INCOME AND SHAREHOLDERS' (DEFICIT) EQUITY

The following table details the accumulated other comprehensive (loss) income activity for the 2014 first half:



($ in millions)	Foreign Currency Translation Adjustments			Other Derivative Instrument Adjustments			Unrealized Gains on Available-For-Sale Securities		Accumulated Other Comprehensive (Loss) Income
Balance at year-end 2013	$	(31	)	$	(19	)	$	6	$	(44	)
Other comprehensive income before reclassifications ⁽¹⁾	—			1			2		3
Amounts reclassified from accumulated other comprehensive loss	—			2			—		2
Net other comprehensive income	—			3			2		5
Balance at June 30, 2014	$	(31	)	$	(16	)	$	8	$	(39	)


⁽¹⁾	We present the portions of other comprehensive income before reclassifications for the 2014 first half that relate to unrealized gains on available-for-sale securities net of $1 million of deferred taxes.

The following table details the changes in common shares outstanding and shareholders’ deficit for the 2014 first half:



(in millions, except per share amounts)
Common Shares Outstanding			Total			Class A Common Stock		Additional Paid-in- Capital			Retained Earnings			Treasury Stock, at Cost			Accumulated Other Comprehensive (Loss) Income
298.0		Balance at year-end 2013	$	(1,415	)	$	5	$	2,716		$	3,837		$	(7,929	)	$	(44	)
—		Net income	364			—		—			364			—			—
—		Other comprehensive income	5			—		—			—			—			5
—		Cash dividends ($0.3700 per share)	(109		)	—		—			(109		)	—			—
4.7		Employee stock plan issuance	90			—		(9		)	(62		)	161			—
(12.0	)	Purchase of treasury stock	(655		)	—		—			—			(655		)	—
290.7		Balance at June 30, 2014	$	(1,720	)	$	5	$	2,707		$	4,030		$	(8,423	)	$	(39	)

Commitments and Contingencies Disclosure [Abstract]

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.

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+ Details

Contingencies

6 Months Ended

Jun. 30, 2014

Contingencies

CONTINGENCIES

Guarantees

We issue guarantees to certain lenders and hotel owners, chiefly to obtain long-term management contracts. The guarantees generally have a stated maximum funding amount and a term of four to ten years. The terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term. The terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of operating profit. Guarantee fundings to lenders and hotel owners are generally recoverable as loans repayable to us out of future hotel cash flows and/or proceeds from the sale of hotels. We also enter into project completion guarantees with certain lenders in conjunction with hotels that we or our joint venture partners are building.

We measure and record our liability for the fair value of a guarantee on a nonrecurring basis, that is when we issue or modify a guarantee, using Level 3 internally developed inputs. We generally base our calculation of the estimated fair value of a guarantee on the income approach or the market approach, depending on the type of guarantee. For the income approach, we use internally developed discounted cash flow and Monte Carlo simulation models that include the following assumptions, among others: projections of revenues and expenses and related cash flows based on assumed growth rates and demand trends; historical volatility of projected performance; the guaranteed obligations; and applicable discount rates. We base these assumptions on our historical data and experience, industry projections, micro and macro general economic condition projections, and our expectations. For the market approach, we use primarily market comparable data and assumptions about market capitalization rates, credit spreads, growth rates, and inflation.We show the maximum potential amount of our future guarantee fundings and the carrying amount of our liability for guarantees for which we are the primary obligor at June 30, 2014 in the following table:



($ in millions) Guarantee Type	Maximum Potential Amount of Future Fundings		Liability for Guarantees
Debt service	$	68	$	12
Operating profit	91		36
Other	16		1
Total guarantees where we are the primary obligor	$	175	$	49

We included our liability for guarantees at June 30, 2014, for which we are the primary obligor, on our Balance Sheet in “Other long-term liabilities.”

Of the guarantees listed in the preceding table, $20 million of debt service guarantees, $11 million of operating profit guarantees, and $1 million of other guarantees will not be in effect until the underlying properties open and we begin to operate them or certain other events occur.

Not included in the table above is a "put option" agreement we entered into in the 2014 first quarter but which is not currently in effect with the lenders for a construction loan. 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 in the first quarter of 2014 to provide credit support to the lenders through a "put option" agreement. Under this agreement, we 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. Because we would acquire the building upon exercise of the put option, we have not included the amount in the table above. 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. We do not expect that the lenders will exercise this "put option." We have no ownership interest in this hotel.

The preceding table also does not include the following guarantees:

•

$92 million of guarantees for Senior Living Services lease obligations of $67 million (expiring in 2018) and lifecare bonds of $25 million (estimated to expire in 2019), 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 $20 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 June 30, 2014. 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 $1 million of cash collateral and an $85 million letter of credit issued by Key Bank to secure our exposure under the lease guarantees and certain other obligations of Sunrise. The letter of credit balance was $78 million at the end of the 2014 second quarter, which decreased as a result of lease payments made and lifecare bonds redeemed. 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.

•

Lease obligations, for which we became secondarily liable when we acquired the Renaissance Hotel Group in 1997, consisting of annual rent payments of approximately $6 million and total remaining rent payments through the initial term of approximately $32 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 $4 million (€3 million) of which remained at June 30, 2014. 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 Marriott Vacations Worldwide Corporation ("MVW") payment obligations, for which we currently have a total exposure of $14 million, relate to two guarantees. MVW has indemnified us for these obligations. At the end of the 2014 second quarter, we expect these obligations will expire as follows: $3 million in 2018, and $11 million (13 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 June 30, 2014.

•

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 the end of the 2014 second quarter 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 June 30, 2014.

In addition to the guarantees described in the preceding paragraphs, in conjunction with financing obtained for specific projects or properties owned by joint ventures in which we are a party, we may provide industry standard indemnifications to the lender for loss, liability, or damage occurring as a result of the actions of the other joint venture owner or our own actions.

Commitments and Letters of Credit

In addition to the guarantees we note in the preceding paragraphs, as of June 30, 2014, we had the following commitments outstanding:

•

A commitment to invest up to $9 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 $1 million of this commitment in 2014 and $4 million of this commitment in 2015. We do not expect to fund the remaining $4 million of this commitment.


•	A commitment to invest up to $22 million of equity for noncontrolling interests in a partnership that plans to purchase or develop limited-service properties in Asia. We expect to fund this commitment as follows: $3 million in 2015 and $6 million in 2016 prior to the end of the commitment period. We do not expect to fund the remaining $13 million of this commitment.


•	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 in 2015.


•	A commitment to invest $13 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 interests in two joint ventures over the next seven years at a price based on the performance of the ventures. In conjunction with this contingent obligation, we advanced $20 million (€15 million) in deposits, $15 million (€11 million) of which is remaining. The amounts on deposit are refundable to the extent we do not acquire our joint venture partner’s remaining interests.

•

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 $86 million. We expect to fund these commitments as follows: $68 million in 2014, $16 million in 2015, and $2 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 $9 million loan commitment that we extended to the owner of a property to cover the cost of renovation shortfalls which we expect to fund in 2015. The commitment will expire at the end of the 2016 second quarter.

At June 30, 2014, we had $77 million of letters of credit outstanding (all outside the Credit Facility), the majority of which were for our self-insurance programs. Surety bonds issued as of June 30, 2014, totaled $124 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, 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 remaining named plaintiffs. The parties completed limited discovery concerning Marriott's defense of statute of limitations with respect to Mr. Bond and Mr. Steigman and 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. The parties filed a joint motion to modify the Scheduling Order on March 26, 2014, and are currently in full discovery scheduled to end on August 15, 2014. The parties also agreed to, and the Court adopted, a briefing schedule for summary judgment with final reply briefs to be filed December 1, 2014. 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 full impact of an adverse judgment 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

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

We are a diversified global lodging company. During the 2014 first quarter, we modified the information that our President and Chief Executive Officer, who is our CODM, reviews to be consistent with our continent structure. This structure aligns our business around geographic regions and is designed to enable us to operate more efficiently and to accelerate worldwide growth. As a result of modifying our reporting information, we revised our operating segments to eliminate our former Luxury segment, which we allocated between our existing North American Full-Service operating segment, and the following four new operating segments: Asia Pacific, Caribbean and Latin America, Europe, and Middle East and Africa.

Although our North American Full-Service and North American Limited-Service segments meet the applicable accounting criteria to be reportable business segments, our four new operating segments do not meet the criteria for separate disclosure as reportable business segments. Accordingly, we combined our four new operating segments into an "all other" category which we refer to as "International" and have revised our prior period business segment information to conform to our new business segment presentation.

As of the end the 2014 second quarter, our three business segments include the following brands:


•	North American Full-Service: Marriott Hotels, Marriott Conference Centers, JW Marriott, Renaissance Hotels, Renaissance ClubSport, Gaylord Hotels, The Ritz-Carlton (together with residential properties associated with some of The Ritz-Carlton hotels), and Autograph Collection properties located in the United States and Canada;


•	North American Limited-Service: Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, and TownePlace Suites properties located in the United States and Canada;

•

International: Marriott Hotels, JW Marriott, Renaissance Hotels, Autograph Collection, Courtyard, AC Hotels by Marriott, Fairfield Inn & Suites, Residence Inn, The Ritz-Carlton (together with residential properties associated with some of The Ritz-Carlton hotels), Bulgari Hotels & Resorts, EDITION, Protea Hotels, and Marriott Executive Apartments properties located outside the United States and Canada.

We evaluate the performance of our business 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 a 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. It also includes license fees we receive from our credit card programs and license fees from MVW. Our CODM monitors assets for the consolidated company but does not use assets by business segment when assessing performance or making business segment resource allocations.

Revenues



	Three Months Ended				Six Months Ended
($ in millions)	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
North American Full-Service Segment	$	2,099	$	2,027	$	4,148	$	4,055
North American Limited-Service Segment	750		659		1,417		1,267
International Segment	568		508		1,088		953
Total segment revenues	3,417		3,194		6,653		6,275
Other unallocated corporate	67		69		124		130
	$	3,484	$	3,263	$	6,777	$	6,405

Net Income (Loss)



	Three Months Ended						Six Months Ended
($ in millions)	June 30, 2014			June 30, 2013			June 30, 2014			June 30, 2013
North American Full-Service Segment	$	154		$	135		$	285		$	268
North American Limited-Service Segment	151			135			266			241
International Segment	74			55			139			105
Total segment financial results	379			325			690			614
Other unallocated corporate	(68		)	(38		)	(123		)	(98		)
Interest expense and interest income	(26		)	(24		)	(51		)	(52		)
Income taxes	(93		)	(84		)	(152		)	(149		)
	$	192		$	179		$	364		$	315

As a result of the changes to our operating segments discussed above, in the 2014 first quarter we reallocated goodwill among our affected reporting units based on the relative fair value of each remaining or newly identified reporting unit. We also determined that the estimated fair value of each reporting unit exceeded its carrying amount. The following table shows the reclassification of goodwill we previously associated with our former Luxury segment to our North American Full-Service and International segments. The table also reflects goodwill added as a result of our acquisition of the Protea Hotel Group's brands and hotel management business in the 2014 second quarter. See Footnote No. 12, "Acquisitions and Dispositions" for more information.

Goodwill



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

Segment reclassifications	$	57	$	—		$	113	$	(170	)	$	—
Additions						20					20

June 30, 2014 balance:
Goodwill	$	392	$	125		$	431	$	—		$	948
Accumulated impairment losses	—		(54		)	—		—			(54		)
	$	392	$	71		$	431	$	—		$	894

Acquisitions and Dispositions [Abstract]

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.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

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-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

+ Details

Acquisitions and Dispositions

6 Months Ended

Jun. 30, 2014

Acquisitions and Dispositions


	ACQUISITIONS AND DISPOSITIONS

2014 Acquisitions

In the 2014 second quarter, we acquired the Protea Hotel Group's brands and hotel management business ("Protea Hotels") for $193 million (ZAR 2.046 billion) in cash and recognized approximately: $184 million (ZAR 1.943 billion) in intangible assets, consisting of deferred contract acquisition costs of $91 million (ZAR 960 million ), a brand intangible of $73 million (ZAR 772 million ), and goodwill of $20 million (ZAR 211 million ); and $9 million (ZAR 103 million) of tangible assets consisting of property and equipment, equity method investments, and other current assets at the acquisition date. As part of the transaction, Protea Hospitality Holdings created an independent property ownership company that retained ownership of the hotels Protea Hospitality Holdings formerly owned, and entered into long-term management and lease agreements with Marriott for these hotels. The property ownership company also retained a number of minority interests in other Protea-managed hotels. As a result of the transaction, we added 113 hotels (10,016 rooms) across three brands in South Africa and six other Sub-Saharan African countries to our International segment portfolio and currently manage 45 percent, franchise 39 percent, and lease 16 percent of those rooms.

2014 Dispositions

In the 2014 first quarter, we sold The London EDITION to a third party, received approximately $230 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 approximately $816 million. 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 first half of 2014, we evaluated the three hotels for recovery and as a result recorded a $25 million impairment charge, primarily attributable to The Miami EDITION, in the "Depreciation, amortization, and other" caption of our Income Statement as our cost estimates exceed our total fixed sales price. Of the $25 million impairment charge, $15 million relates to a reallocation of costs between The Miami EDITION hotel and residential components (the residential components are not part of this transaction). We did not allocate that charge to any of our segments.

In the 2014 first quarter, we sold our right to acquire the landlord’s interest in a leased real estate property and certain attached assets of the property, consisting of $106 million (€77 million) in property and equipment and $48 million (€35 million) in liabilities. We received $62 million (€45 million) in cash and transferred $45 million (€33 million) of related obligations. We continue to operate the property under a long-term management agreement.

Policies

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Fiscal Period



Reporting Period	Date Range	Number of Days
2014 second quarter	April 1, 2014 - June 30, 2014	91
2013 second quarter	April 1, 2013 - June 30, 2013	91
2014 first half	January 1, 2014 - June 30, 2014	181
2013 first half	December 29, 2012 - June 30, 2013	184
2014	January 1, 2014 - December 31, 2014	365
2013	December 29, 2012 - December 31, 2013	368

New Accounting Pronouncements

New Accounting Standards

Accounting Standards Update No. 2014-09 - “Revenue from Contracts with Customers” (“ASU No. 2014-09”)

Earnings Per Share Dilutive Securities

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

Guarantees

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.

+ References+ Details

Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Reporting Period Information



Reporting Period	Date Range	Number of Days
2014 second quarter	April 1, 2014 - June 30, 2014	91
2013 second quarter	April 1, 2013 - June 30, 2013	91
2014 first half	January 1, 2014 - June 30, 2014	181
2013 first half	December 29, 2012 - June 30, 2013	184
2014	January 1, 2014 - December 31, 2014	365
2013	December 29, 2012 - December 31, 2013	368

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

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 June 30, 2014						At December 31, 2013
($ in millions)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Senior, mezzanine, and other loans	$	220		$	221		$	142		$	145
Marketable securities and other debt securities	114			114			111			111
Total long-term financial assets	$	334		$	335		$	253		$	256

Senior Notes	$	(2,187	)	$	(2,319	)	$	(2,185	)	$	(2,302	)
Commercial paper	(1,086		)	(1,086		)	(834		)	(834		)
Other long-term debt	(119		)	(122		)	(123		)	(124		)
Other long-term liabilities	(57		)	(57		)	(50		)	(50		)
Total long-term financial liabilities	$	(3,449	)	$	(3,584	)	$	(3,192	)	$	(3,310	)

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)

6 Months Ended

Jun. 30, 2014

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:



	Three Months Ended				Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
(in millions, except per share amounts)
Computation of Basic Earnings Per Share
Net income	$	192	$	179	$	364	$	315
Weighted average shares outstanding	292.5		306.7		294.3		309.3
Basic earnings per share	$	0.66	$	0.58	$	1.24	$	1.02
Computation of Diluted Earnings Per Share
Net income	$	192	$	179	$	364	$	315
Weighted average shares outstanding	292.5		306.7		294.3		309.3
Effect of dilutive securities
Employee stock option and SARs plans	3.0		4.0		3.2		4.2
Deferred stock incentive plans	0.7		0.8		0.8		0.8
Restricted stock units	2.5		2.5		2.9		3.0
Shares for diluted earnings per share	298.7		314.0		301.2		317.3
Diluted earnings per share	$	0.64	$	0.57	$	1.21	$	0.99

Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Composition of our Property and Equipment Balances

The following table shows the composition of our property and equipment balances at the end of the 2014 second quarter and year-end 2013:



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Land	$	541		$	535
Buildings and leasehold improvements	781			786
Furniture and equipment	788			789
Construction in progress	455			338
	2,565			2,448
Accumulated depreciation	(918		)	(905		)
	$	1,647		$	1,543

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



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Land	$	8		$	8
Buildings and leasehold improvements	58			68
Furniture and equipment	22			37
Construction in progress	2			1
	90			114
Accumulated depreciation	(59		)	(83		)
	$	31		$	31

Notes Receivable (Tables)

6 Months Ended

Jun. 30, 2014

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

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

The following table shows the expected future principal payments (net of reserves and unamortized discounts) as well as interest rates for our notes receivable as of the end of the 2014 second quarter:



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2014	$	16
2015	89
2016	3
2017	3
2018	4
Thereafter	134
Balance at June 30, 2014	$	249
Weighted average interest rate at June 30, 2014	6.0		%
Range of stated interest rates at June 30, 2014	0-9%

Notes Receivable Unamortized Discounts

The following table shows the unamortized discounts for our notes receivable at the end of the 2014 second quarter and year-end 2013:



Notes Receivable Unamortized Discounts ($ in millions)	Total
Balance at year-end 2013	$	12
Balance at June 30, 2014	$	27

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 the end of the 2014 second quarter and year-end 2013:



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Senior, mezzanine, and other loans	$	249		$	178
Less current portion	(29		)	(36		)
	$	220		$	142

Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Long-Term Debt

We provide detail on our long-term debt balances in the following table as of the end of the 2014 second quarter and year-end 2013:



	At Period End
($ in millions)	June 30, 2014			December 31, 2013
Senior Notes:
Series G, interest rate of 5.8%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.6%)⁽¹⁾	$	313		$	312
Series H, interest rate of 6.2%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.3%)⁽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 K, interest rate of 3.0%, face amount of $600, maturing March 1, 2019 (effective interest rate of 4.4%)⁽¹⁾	596			595
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			348
Commercial paper, average interest rate of 0.3% at June 30, 2014	1,086			834
$2,000 Credit Facility	—			—
Other	131			180
	3,404			3,199
Less current portion classified in:
Other current liabilities (liabilities held for sale)	—			(46		)
Current portion of long-term debt	(7		)	(6		)
	$	3,397		$	3,147


⁽¹⁾	Face amount and effective interest rate are as of June 30, 2014.

Debt Principal Payments (Net of Unamortized Discounts)

We show future principal payments for our debt as of the end of the 2014 second quarter in the following table:



Debt Principal Payments ($ in millions)	Amount
2014	$	4
2015	320
2016	297
2017	301
2018	1,095
Thereafter	1,387
Balance at June 30, 2014	$	3,404

Accumulated Other Comprehensive Income (Loss) Activity

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.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

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-Name Accounting Standards Codification

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-SubTopic 10

-Section 50

-Paragraph 3

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

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-Name Accounting Standards Codification

-Topic 505

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-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

Comprehensive Income and Shareholders' (Deficit) Equity (Tables)

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

The following table details the accumulated other comprehensive (loss) income activity for the 2014 first half:



($ in millions)	Foreign Currency Translation Adjustments			Other Derivative Instrument Adjustments			Unrealized Gains on Available-For-Sale Securities		Accumulated Other Comprehensive (Loss) Income
Balance at year-end 2013	$	(31	)	$	(19	)	$	6	$	(44	)
Other comprehensive income before reclassifications ⁽¹⁾	—			1			2		3
Amounts reclassified from accumulated other comprehensive loss	—			2			—		2
Net other comprehensive income	—			3			2		5
Balance at June 30, 2014	$	(31	)	$	(16	)	$	8	$	(39	)


⁽¹⁾	We present the portions of other comprehensive income before reclassifications for the 2014 first half that relate to unrealized gains on available-for-sale securities net of $1 million of deferred taxes.

Changes in Shareholders' Deficit

The following table details the changes in common shares outstanding and shareholders’ deficit for the 2014 first half:



(in millions, except per share amounts)
Common Shares Outstanding			Total			Class A Common Stock		Additional Paid-in- Capital			Retained Earnings			Treasury Stock, at Cost			Accumulated Other Comprehensive (Loss) Income
298.0		Balance at year-end 2013	$	(1,415	)	$	5	$	2,716		$	3,837		$	(7,929	)	$	(44	)
—		Net income	364			—		—			364			—			—
—		Other comprehensive income	5			—		—			—			—			5
—		Cash dividends ($0.3700 per share)	(109		)	—		—			(109		)	—			—
4.7		Employee stock plan issuance	90			—		(9		)	(62		)	161			—
(12.0	)	Purchase of treasury stock	(655		)	—		—			—			(655		)	—
290.7		Balance at June 30, 2014	$	(1,720	)	$	5	$	2,707		$	4,030		$	(8,423	)	$	(39	)

Contingencies (Tables)

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

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

We show the maximum potential amount of our future guarantee fundings and the carrying amount of our liability for guarantees for which we are the primary obligor at June 30, 2014 in the following table:



($ in millions) Guarantee Type	Maximum Potential Amount of Future Fundings		Liability for Guarantees
Debt service	$	68	$	12
Operating profit	91		36
Other	16		1
Total guarantees where we are the primary obligor	$	175	$	49

Business Segments (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Revenues



	Three Months Ended				Six Months Ended
($ in millions)	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
North American Full-Service Segment	$	2,099	$	2,027	$	4,148	$	4,055
North American Limited-Service Segment	750		659		1,417		1,267
International Segment	568		508		1,088		953
Total segment revenues	3,417		3,194		6,653		6,275
Other unallocated corporate	67		69		124		130
	$	3,484	$	3,263	$	6,777	$	6,405

Net Income (Loss)



	Three Months Ended						Six Months Ended
($ in millions)	June 30, 2014			June 30, 2013			June 30, 2014			June 30, 2013
North American Full-Service Segment	$	154		$	135		$	285		$	268
North American Limited-Service Segment	151			135			266			241
International Segment	74			55			139			105
Total segment financial results	379			325			690			614
Other unallocated corporate	(68		)	(38		)	(123		)	(98		)
Interest expense and interest income	(26		)	(24		)	(51		)	(52		)
Income taxes	(93		)	(84		)	(152		)	(149		)
	$	192		$	179		$	364		$	315

Goodwill



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

Segment reclassifications	$	57	$	—		$	113	$	(170	)	$	—
Additions						20					20

June 30, 2014 balance:
Goodwill	$	392	$	125		$	431	$	—		$	948
Accumulated impairment losses	—		(54		)	—		—			(54		)
	$	392	$	71		$	431	$	—		$	894

Basis of Presentation - Additional Information (Detail)	3 Months Ended		6 Months Ended		12 Months Ended
Basis of Presentation - Additional Information (Detail)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2014 Forecast
Significant Accounting Policies [Line Items]
Change in length of period from corresponding year-earlier period			3 days			3 days
Fiscal period duration	91 days	91 days	181 days	184 days	368 days	365 days

Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Line Items]
Effective income tax rate	32.10%	32.60%		32.10%	29.50%
Income tax expense (benefit) recognized due to retroactive provisions in American Taxpayer Relief Act of 2012			$ (3)
Unrecognized tax benefits	14			14
Unrecognized tax benefits, period increase (decrease)				(20)
Unrecognized tax benefits that, if recognized, would impact the effective tax rate	12			12
Net cash payments (receipts) for income tax (refunds)				54	37
US Federal Tax Issue
Income Taxes [Line Items]
Change in unrecognized tax benefits, amount of unrecorded benefit	$ 21			$ 21

Share-Based Compensation - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 29	$ 31	$ 54	$ 61
Deferred compensation costs related to unvested awards	$ 166		$ 166		$ 108
Shares reserved under the Stock Plan	28		28
RSUs and Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, weighted average grant-date fair value (in USD per share)			$ 51
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, granted to certain officers, key employees and, for SARS, directors (in shares)			1.9
Stock awards, vesting period			4 years
Stock awards, percentage of award vesting and becoming exercisable annually			25.00%
Performance-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, granted to certain officers, key employees and, for SARS, directors (in shares)			0.2
Stock awards, vesting period			3 years
Employee stock option and SARs plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, vesting period			4 years
Stock awards, expiration			10 years
Shares reserved under the Stock Plan	8		8
Stock Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, granted to certain officers, key employees and, for SARS, directors (in shares)			0.3
Stock awards, percentage of award vesting and becoming exercisable annually			25.00%
Stock awards, weighted average grant-date fair value (in USD per share)			$ 17
Stock awards, weighted average exercise price (in USD per share)			$ 53
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, percentage of award vesting and becoming exercisable annually			25.00%
Stock awards, options granted to certain officers, key employees, and directors (in shares)			0.1
Stock awards, options, weighted average grant-date fair value (in USD per share)			$ 17
Stock awards, options, weighted average exercise price (in USD per share)			$ 53

Assumptions for SARs and Stock Options Granted (Detail) (Employee stock option and SARs plans)	6 Months Ended
	Jun. 30, 2014
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]
Expected volatility, minimum	29.00%
Expected volatility, maximum	30.00%
Dividend yield	1.14%
Risk-free rate, minimum	2.20%
Risk-free rate, maximum	2.80%
Minimum
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]
Expected term (in years)	6 years
Maximum
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]
Expected term (in years)	10 years

Fair Value of Financial Instruments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2014 Fair Value, Inputs, Level 1	Jun. 30, 2014 Commercial Paper	Jun. 30, 2014 Mandatorily Redeemable Preferred Equity Ownership Interest Debt Securities hotel
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of our marketable securities		$ 41
Held-to-maturity securities				65
Number of hotels				3
Held-to-maturity securities, amortized cost basis				73
Held-to-maturity securities, fair value				73
Proceeds from sale of investment	22
Amortized cost basis	14
Realized gain from sale of investment	$ 8
Commercial paper, maturity term (generally 30 days or less)			30 days

Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior, mezzanine, and other loans	$ 220	$ 142
Other long-term liabilities	(908)	(912)
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior, mezzanine, and other loans	220	142
Marketable securities and other debt securities	114	111
Total long-term financial assets	334	253
Senior Notes	(2,187)	(2,185)
Commercial paper	(1,086)	(834)
Other long-term debt	(119)	(123)
Other long-term liabilities	(57)	(50)
Total long-term financial liabilities	(3,449)	(3,192)
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior, mezzanine, and other loans	221	145
Marketable securities and other debt securities	114	111
Total long-term financial assets	335	256
Senior Notes	(2,319)	(2,302)
Commercial paper	(1,086)	(834)
Other long-term debt	(122)	(124)
Other long-term liabilities	(57)	(50)
Total long-term financial liabilities	$ (3,584)	$ (3,310)

Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Computation of Basic Earnings Per Share
Net income	$ 192	$ 179	$ 364	$ 315
Weighted average shares outstanding	292.5	306.7	294.3	309.3
Basic earnings per share (in USD per share)	$ 0.66	$ 0.58	$ 1.24	$ 1.02
Computation of Diluted Earnings Per Share
Net income	$ 192	$ 179	$ 364	$ 315
Weighted average shares outstanding	292.5	306.7	294.3	309.3
Effect of dilutive securities
Shares for diluted earnings per share	298.7	314.0	301.2	317.3
Diluted earnings per share (in USD per share)	$ 0.64	$ 0.57	$ 1.21	$ 0.99
Employee stock option and SARs plans
Effect of dilutive securities
Effect of dilutive securities	3.0	4.0	3.2	4.2
Deferred stock incentive plans
Effect of dilutive securities
Effect of dilutive securities	0.7	0.8	0.8	0.8
Restricted stock units
Effect of dilutive securities
Effect of dilutive securities	2.5	2.5	2.9	3.0

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.

+ References+ Details

Earnings Per Share - Additional Information (Detail) (Employee stock option and SARs plans) In Millions, unless otherwise specified	3 Months Ended
	Jun. 30, 2013
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

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																					6 Months Ended	18 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014 Land	Dec. 31, 2013 Land	Jun. 30, 2014 Buildings and leasehold improvements	Dec. 31, 2013 Buildings and leasehold improvements	Jun. 30, 2014 Furniture and equipment	Dec. 31, 2013 Furniture and equipment	Jun. 30, 2014 Construction in progress	Dec. 31, 2013 Construction in progress	Jun. 30, 2014 Capital Lease Obligations	Dec. 31, 2013 Capital Lease Obligations	Jun. 30, 2014 Capital Lease Obligations Land	Dec. 31, 2013 Capital Lease Obligations Land	Jun. 30, 2014 Capital Lease Obligations Buildings and leasehold improvements	Dec. 31, 2013 Capital Lease Obligations Buildings and leasehold improvements	Jun. 30, 2014 Capital Lease Obligations Furniture and equipment	Dec. 31, 2013 Capital Lease Obligations Furniture and equipment	Jun. 30, 2014 Capital Lease Obligations Construction in progress	Dec. 31, 2013 Capital Lease Obligations Construction in progress	Jun. 30, 2014 Other unallocated corporate EDITION Hotels Depreciation and Amortization	Jun. 30, 2015 Forecast Other unallocated corporate EDITION Hotels hotel
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,565	$ 2,448	$ 541	$ 535	$ 781	$ 786	$ 788	$ 789	$ 455	$ 338	$ 90	$ 114	$ 8	$ 8	$ 58	$ 68	$ 22	$ 37	$ 2	$ 1
Accumulated depreciation	(918)	(905)									(59)	(83)
Property and equipment, net	1,647	1,543									31	31
Impairment of long-lived assets																					$ 25
Number of hotels																						3

The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).

+ References+ Details

Composition of our Notes Receivable Balances (Net of Reserves) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Receivables [Abstract]
Senior, mezzanine, and other loans	$ 249	$ 178
Current notes receivable	(29)	(36)
Notes receivable, noncurrent	$ 220	$ 142

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	Jun. 30, 2014	Dec. 31, 2013
Receivables [Abstract]
2014	$ 16
2015	89
2016	3
2017	3
2018	4
Thereafter	134
Senior, mezzanine, and other loans	$ 249	$ 178
Weighted average interest rate at June 30, 2014	6.00%
Range of stated interest rates at June 30, 2014, minimum	0.00%
Range of stated interest rates at June 30, 2014, maximum	9.00%

Notes Receivable - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Sep. 07, 2012	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, unamortized discounts	$ 27,000,000		$ 27,000,000		$ 12,000,000
Notes receivable reserve representing an allowance for credit losses	95,000,000		95,000,000		90,000,000
Investment in impaired loans	108,000,000		108,000,000		99,000,000
Investment in impaired loans with no related allowance for credit losses	13,000,000		13,000,000		9,000,000
Average investment in impaired loans	105,000,000	101,000,000	104,000,000	99,000,000
Notes receivable, past due	0		0
Mezzanine Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mezzanine loans	85,000,000		85,000,000
Notes receivable, unamortized discounts	$ (15,000,000)		$ (15,000,000)

Long-Term Debt (Detail) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Other current liabilities (liabilities held for sale)

$2,000 Credit Facility

$ 0

Other

131,000,000

180,000,000

Long-term debt

3,404,000,000

3,199,000,000

(46,000,000)

Current portion of long-term debt

(7,000,000)

(6,000,000)

Long-term debt, noncurrent

3,397,000,000

3,147,000,000

Multicurrency revolving credit agreement, aggregate effective borrowings

2,000,000,000

Series G, Senior Notes 5.8% Due November 10, 2015

313,000,000

^[1]

312,000,000

^[1]

5.80%

316,000,000

6.60%

Series H, Senior Notes 6.2% Due June 15, 2016

289,000,000

^[1]

289,000,000

^[1]

6.20%

289,000,000

6.30%

Series I, Senior Notes 6.4% Due June 15, 2017

292,000,000

^[1]

292,000,000

^[1]

6.40%

293,000,000

6.50%

Series K, Senior Notes 3.0% Due March 1, 2019

596,000,000

^[1]

595,000,000

^[1]

3.00%

600,000,000

4.40%

Series L, Senior Notes 3.3% Due September 15, 2022

349,000,000

^[1]

349,000,000

^[1]

3.25%

350,000,000

3.40%

Series M Senior Notes 3.4% Due October 15, 2020

348,000,000

^[1]

348,000,000

^[1]

3.375%

350,000,000

3.60%

Commercial Paper

Commercial paper, average interest rate of 0.3% at June 30, 2014

$ 1,086,000,000

$ 834,000,000

Long-term debt, average interest rate

0.30%

[1]	Face amount and effective interest rate are as of June 30, 2014.

Long-term Debt - Additional Information (Detail) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Debt Disclosure [Abstract]
Multicurrency revolving credit agreement, aggregate effective borrowings	$ 2,000,000,000
Cash paid for interest, net of amounts capitalized	$ 41,000,000	$ 46,000,000

Debt Principal Payments (Net of Unamortized Discounts) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
2014	$ 4
2015	320
2016	297
2017	301
2018	1,095
Thereafter	1,387
Long-term debt	$ 3,404	$ 3,199

Comprehensive Income and Shareholders' (Deficit) Equity Accumulated Other Comprehensive Income Activity (Detail) (USD $)
In Millions, unless otherwise specified

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income before reclassifications

$ (44)

^[1]

Amounts reclassified from accumulated other comprehensive loss

Other comprehensive income (loss), before reclassifications, unrealized gains on available-for-sale securities, deferred tax

(39)

Foreign Currency Translation Adjustments

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income before reclassifications

(31)

^[1]

Amounts reclassified from accumulated other comprehensive loss

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(31)

Other Derivative Instrument Adjustments

Other comprehensive income before reclassifications

(19)

^[1]

Amounts reclassified from accumulated other comprehensive loss

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

(16)

Unrealized Gains on Available-For-Sale Securities

Other comprehensive income before reclassifications

^[1]

Amounts reclassified from accumulated other comprehensive loss

$ 8

[1]	We present the portions of other comprehensive income before reclassifications for the 2014 first half that relate to unrealized gains on available-for-sale securities net of $1 million of deferred taxes.

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

Changes in Shareholders' Deficit (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended				6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Class A Common Stock	Dec. 31, 2013 Class A Common Stock	Jun. 30, 2014 Additional Paid-in-Capital	Jun. 30, 2014 Retained Earnings	Jun. 30, 2014 Treasury Stock, at Cost	Jun. 30, 2014 Accumulated Other Comprehensive (Loss) Income
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at year-end 2013			$ (1,415)		$ 5	$ 5	$ 2,716	$ 3,837	$ (7,929)	$ (44)
Balance at year-end 2013, shares			298.0
Net income	192	179	364	315				364
Other comprehensive income	2	(8)	5	(10)						5
Cash dividends ($0.3700 per share)			(109)					(109)
Employee stock plan issuance			90				(9)	(62)	161
Employee stock plan issuance, shares			4.7
Purchase of treasury stock			(655)					0	(655)
Purchase of treasury stock, shares			(12.0)
Balance at June 30, 2014	$ (1,720)		$ (1,720)		$ 5	$ 5	$ 2,707	$ 4,030	$ (8,423)	$ (39)
Balance at March 31, 2014, shares	290.7		290.7
Cash dividends, per share (in USD per share)			$ 0.3700

Contingencies - Guarantees (Details) In Millions, unless otherwise specified	6 Months Ended															4 Months Ended												6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014 Lease Obligations and Debt Securities Payable USD ($)	Jun. 30, 2014 Property Lease Guarantee ExecuStay USD ($)	Jun. 30, 2014 Primary Obligor USD ($)	Jun. 30, 2014 Primary Obligor Debt service USD ($)	Jun. 30, 2014 Primary Obligor Operating profit USD ($)	Jun. 30, 2014 Primary Obligor Other guarantees USD ($)	Jun. 30, 2014 Primary Obligor Not Yet In Effect Condition Debt service USD ($)	Jun. 30, 2014 Primary Obligor Not Yet In Effect Condition Operating profit USD ($)	Jun. 30, 2014 Primary Obligor Not Yet In Effect Condition Other guarantees USD ($)	Jun. 30, 2014 Secondarily Liable USD ($)	Jun. 30, 2014 Secondarily Liable MVW Spin-off USD ($)	Jun. 30, 2014 Secondarily Liable MVW Spin-off Expiration in 2017 USD ($)	Jun. 30, 2014 Secondarily Liable MVW Spin-off Expiration in 2022 USD ($)	Jun. 30, 2014 Secondarily Liable MVW Spin-off Expiration in 2022 SGD	Dec. 30, 2011 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc USD ($)	Jun. 30, 2014 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc USD ($)	Jun. 30, 2014 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc Key Bank Letter of Credit USD ($)	Dec. 30, 2011 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc Key Bank Letter of Credit USD ($)	Jun. 30, 2014 Secondarily Liable Property Lease Guarantee Renaissance Hotel Group N.V. USD ($)	Jun. 30, 2014 Secondarily Liable Property Lease Guarantee Renaissance Hotel Group N.V. EUR (€)	Sep. 09, 2005 Secondarily Liable Property Lease Guarantee Renaissance Hotel Group N.V. EUR (€)	Jun. 30, 2014 Secondarily Liable Debt Securities Payable USD ($)	Jun. 30, 2014 Secondarily Liable Debt Securities Payable Sunrise Senior Living Inc USD ($)	Jun. 30, 2014 Secondarily Liable Debt Securities Payable CNL Retirement Properties Inc USD ($)	Jun. 30, 2014 Secondarily Liable Debt Securities Payable Five Star Senior Living USD ($)	Jun. 30, 2014 Secondarily Liable Lease is Terminated by End of 2019 Property Lease Guarantee ExecuStay USD ($)	Jun. 30, 2014 New York City EDITION Hotel Primary Obligor Other guarantees USD ($)
Commitments and Contingencies Disclosure [Line Items]
Funding guarantees, minimum term	4 years
Funding guarantees, maximum term	10 years
Liability for guarantees				$ 49	$ 12	$ 36	$ 1
Maximum potential amount of future fundings				175	68	91	16	20	11	1	92	14	3	11	13		67						25	4	20	1	6	315
Guarantor obligations, term																												2 years
Guarantor obligations, extended term																												3 years
Guarantee obligations, carrying value		3	1									2
Length of operating lease extension																5 years
Cash collateralized for lease guarantee for period from 2014 until 2018																1
Letter of credit provided by Sunrise, amount available for five years																			85
Letter of credit provided by Sunrise, amount available at period end																		78
Collateral for continuing lease obligation contingency, future minimum annual payments due from 2014 until 2018																1
Annual rent payments, approximately																				6
Remaining rent payments, approximately																				32
Guarantee obligations, cash collateralized																				$ 4	€ 3	€ 35

Contingencies - Commitments and Letters of Credit (Detail) In Millions, unless otherwise specified				6 Months Ended												6 Months Ended
	Jun. 30, 2014 USD ($)	Jun. 30, 2014 Real Estate Investment Upper Limit USD ($)	Jun. 30, 2014 Renovation of Leased Hotel USD ($)	Jun. 30, 2014 Investment in Other Joint Venture Commitment USD ($) Entity	Jun. 30, 2014 Investment in Other Joint Venture Commitment EUR (€) Entity	Dec. 30, 2011 Investment in Other Joint Venture Commitment USD ($)	Dec. 30, 2011 Investment in Other Joint Venture Commitment EUR (€)	Jun. 30, 2014 Information Technology Hardware, Software, Accounting, Finance, and Maintenance Services USD ($)	Jun. 30, 2014 Commitments USD ($)	Jun. 30, 2014 Lodging Property USD ($)	Jun. 30, 2014 Outside Effective Credit Facility USD ($)	Jun. 30, 2014 Full Service and Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment USD ($)	Jun. 30, 2014 Full Service and Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment Upper Limit USD ($)	Jun. 30, 2014 Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment USD ($)	Jun. 30, 2014 Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment Upper Limit USD ($)	Jun. 30, 2014 Debt Securities Mandatorily Redeemable Preferred Equity Ownership Interest USD ($) hotel
Commitments and Contingencies Disclosure [Line Items]
Investment commitments													$ 9		$ 22	$ 10
Investment commitments expected to be funded in 2014			13									1
Investment commitments expected to be funded in 2015		11										4		3
Investment commitments expected to be funded in 2016														6
Investment commitments not expected to be funded									35			4		13
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						20	15
Deposits in conjunction with contingent obligation to acquire the interest in joint ventures, remaining amount				15	11
Purchase commitments								86
Purchase commitments expected to be funded in 2014								68
Purchase commitments expected to be funded in 2015								16
Purchase commitments expected to be funded in 2016								2
Number of hotels included in investment commitments																3
Loan commitment, amount										9
Letters of credit outstanding											77
Surety bonds issued	$ 124

Business Segments - Additional Information (Detail)	6 Months Ended
Business Segments - Additional Information (Detail)	Jun. 30, 2014 segment
Segment Reporting [Abstract]
Number of operating segments	6
Number of operating segments related to reorganization	4
Number of business segments	3

Business Segments - Revenues (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 3,484	$ 3,263	$ 6,777	$ 6,405
Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	3,417	3,194	6,653	6,275
Other unallocated corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	67	69	124	130
North American Full-Service Segment \| Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,099	2,027	4,148	4,055
North American Limited-Service Segment \| Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	750	659	1,417	1,267
International Segment \| Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 568	$ 508	$ 1,088	$ 953

Business Segments - Net Income (Loss) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest expense and interest income	$ (26)	$ (24)	$ (51)	$ (52)
Provision for income taxes	(93)	(84)	(152)	(149)
Net income	192	179	364	315
Total segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	379	325	690	614
Other unallocated corporate
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	(68)	(38)	(123)	(98)
North American Full-Service Segment \| Total segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	154	135	285	268
North American Limited-Service Segment \| Total segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	151	135	266	241
International Segment \| Total segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	$ 74	$ 55	$ 139	$ 105