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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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	Mar. 31, 2015	Dec. 31, 2014
Current assets
Cash and equivalents	$ 120	$ 104
Accounts and notes receivable, net	1,172	1,100
Current deferred taxes, net	311	311
Prepaid expenses	64	64
Other	116	109
Assets held for sale	45	233
Assets, Current, Total	1,828	1,921
Property and equipment, net	1,446	1,460
Intangible assets
Contract acquisition costs and other	1,395	1,351
Goodwill	894	894
Goodwill And Intangible Assets, Net, Total	2,289	2,245
Equity and cost method investments	217	224
Notes receivable, net	154	215
Deferred taxes, net	469	530
Other noncurrent assets	400	270
Total Assets	6,803	6,865
Current liabilities
Current portion of long-term debt	325	324
Accounts payable	604	605
Accrued payroll and benefits	759	799
Liability for guest loyalty programs	675	677
Accrued expenses and other	667	655
Liabilities, Current, Total	3,030	3,060
Long-term debt	3,703	3,457
Liability for guest loyalty programs	1,706	1,657
Other noncurrent liabilities	901	891
Shareholders’ deficit
Class A Common Stock	5	5
Additional paid-in-capital	2,740	2,802
Retained earnings	4,401	4,286
Treasury stock, at cost	(9,593)	(9,223)
Accumulated other comprehensive loss	(90)	(70)
Stockholders' Deficit Attributable to Parent	(2,537)	(2,200)
Liabilities and Deficit, Total	$ 6,803	$ 6,865

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES
Net income	$ 207	$ 172
Adjustments to reconcile to cash provided by operating activities:
Depreciation, amortization, and other	44	36
Share-based compensation	24	25
Income taxes	29	16
Liability for guest loyalty programs	45	30
Working capital changes	(131)	(121)
Other	44	24
Net cash provided by operating activities	262	182
INVESTING ACTIVITIES
Capital expenditures	(75)	(61)
Dispositions	247	292
Loan advances	(10)	(3)
Loan collections	7	9
Equity and cost method investments	(1)	(1)
Contract acquisition costs	(61)	(6)
Escrow deposit for acquisition of a business	(136)	(192)
Other	7	4
Net cash (used in) provided by investing activities	(22)	42
FINANCING ACTIVITIES
Commercial paper/Credit Facility, net	246	149
Repayment of long-term debt	(2)	(2)
Issuance of Class A Common Stock	17	57
Dividends paid	(56)	(50)
Purchase of treasury stock	(429)	(320)
Net cash used in financing activities	(224)	(166)
INCREASE IN CASH AND EQUIVALENTS	16	58
CASH AND EQUIVALENTS, beginning of period	104	126
CASH AND EQUIVALENTS, end of period	$ 120	$ 184

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The condensed consolidated financial statements present the results of operations, financial position, and cash flows of Marriott International, Inc. (“Marriott,” and together with its subsidiaries, “we,” “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. 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, 2014 (“2014 Form 10-K”). Certain terms not otherwise defined in this Form 10-Q have the meanings specified in our 2014 Form 10-K. Preparation of financial statements that conform to GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting periods, and the disclosures of contingent liabilities. Accordingly, ultimate results could differ from those estimates. The accompanying Financial Statements reflect all normal and recurring adjustments necessary to present fairly our financial position as of March 31, 2015, and December 31, 2014, the results of our operations for the three months ended March 31, 2015, and March 31, 2014, and cash flows for the three months ended March 31, 2015, and March 31, 2014. 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. The Financial Accounting Standards Board has tentatively deferred ASU No. 2014-09 for one year, and with that deferral, the standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, which for us will be our 2018 first quarter. We are permitted to use either the retrospective or the modified retrospective method when adopting ASU No. 2014-09. We are still assessing the potential 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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Acquisitions and Dispositions	3 Months Ended
Acquisitions and Dispositions	Mar. 31, 2015
Acquisitions and Dispositions [Abstract]
Acquisitions and Dispositions	ACQUISITIONS AND DISPOSITIONS Acquisitions On the first day of our 2015 second quarter, we acquired the Delta Hotels and Resorts brand, management and franchise business, together with related intellectual property, from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corporation (“bcIMC”) for approximately $134 million (C$170 million), plus $2 million (C$2 million) of working capital, for a total purchase price of $136 million (C$172 million). At the end of the 2015 first quarter, we transferred $136 million in cash to fund an escrow deposit for the acquisition, which is included in the “Other noncurrent assets” caption of our Balance Sheets. We have provisionally recognized approximately: $124 million (C$157 million) in intangible assets consisting of contract assets, an indefinite-lived brand intangible, and goodwill; and $12 million (C$15 million) of tangible assets consisting of property and equipment and other assets during our 2015 second quarter. Our provisional estimates of fair values are based on the information that was available as of the acquisition date. As a result of the transaction, we added 37 open hotels and resorts with over 10,000 rooms across Canada, 27 of which are managed (including 13 under new 30-year management agreements with bcIMC-affiliated entities) and 10 of which are franchised, plus five hotels under development (including one under a new 30-year management agreement with a bcIMC-affiliated entity). 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 provisionally recognized approximately: $184 million (ZAR 1.943 billion) in intangible assets, consisting of contract assets of $91 million (ZAR 960 million), an indefinite-lived 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. Our provisional estimates of fair values are based on the information that was available as of the acquisition date. We are continuing to evaluate the assumptions used in determining the fair value of the intangible assets, which we expect to finalize in the 2015 second quarter. Dispositions and Planned Dispositions In the 2014 first quarter, we sold The London EDITION to a third party and simultaneously entered into definitive agreements to sell The Miami Beach and The New York (Madison Square Park) EDITION hotels upon completion of construction to the same third party. The total sales price for the three EDITION hotels was approximately $816 million in cash and assumed liabilities. We completed the sale of The Miami Beach EDITION during the 2015 first quarter, and at the beginning of our 2015 second quarter, sold The New York (Madison Square Park) EDITION, subject to certain payment obligations and a repurchase option if we are unable to obtain final operating permits by specific dates. The cash proceeds were $233 million in the 2014 first quarter, $230 million in the 2015 first quarter, and $343 million in the 2015 second quarter. In the 2015 first quarter, we recorded a $6 million impairment charge related to The New York (Madison Square Park) EDITION, in the “Depreciation, amortization, and other” caption of our Income Statements as our cost estimates exceed our total fixed sales price. We did not allocate the charge to any of our segments. In the 2015 first quarter, we sold our interest in an International limited service property and received $27 million (€24 million) in cash. At the end of the 2015 first quarter, we classified $45 million in assets related to The Miami Beach EDITION residences (the “residences”) in the “Assets held for sale” caption of the Balance Sheets and $8 million in liabilities classified in liabilities held for sale in the “Accrued expenses and other” caption of the Balance Sheets. In connection with the planned disposition of the residences, we determined that the carrying values of certain units exceeded their fair values, which we determined using a market approach and Level 3 inputs for comparable units. Consequently, during the 2015 first quarter, we recorded a $6 million impairment charge in the “Depreciation, amortization, and other” caption of our Income Statements, which represents the excess of the carrying values of the assets over their fair values, less cost to sell. We did not allocate that charge to any of our segments.

Earnings Per Share

3 Months Ended

Mar. 31, 2015

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
(in millions, except per share amounts)	March 31, 2015		March 31, 2014
Computation of Basic Earnings Per Share
Net income	$	207	$	172
Weighted average shares outstanding	277.7		296.1
Basic earnings per share	$	0.75	$	0.58
Computation of Diluted Earnings Per Share
Net income	$	207	$	172
Weighted average shares outstanding	277.7		296.1
Effect of dilutive securities
Employee stock option and appreciation right plans	2.4		3.4
Deferred stock incentive plans	0.7		0.8
Restricted stock units	2.7		3.0
Shares for diluted earnings per share	283.5		303.3
Diluted earnings per share	$	0.73	$	0.57

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

(a)for the 2015 first quarter, 0.2 million stock options and stock appreciation rights; and

(b)for the 2014 first quarter, 0.2 million stock options and stock appreciation rights.

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

The entire disclosure for earnings per share.

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Share-Based Compensation

3 Months Ended

Mar. 31, 2015

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 also issue performance-based RSUs (“PSUs”) to named executive officers and some of their direct reports under the Stock Plan. 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 $24 million for the 2015 first quarter and $25 million for the 2014 first quarter. Deferred compensation costs for unvested awards totaled $206 million at March 31, 2015 and $114 million at December 31, 2014.

RSUs and PSUs

We granted 1.3 million RSUs during the 2015 first quarter 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 0.1 million PSUs during the 2015 first quarter to certain named executive officers and their direct reports, subject to the satisfaction of certain performance conditions based on achievement of pre-established targets for Adjusted EBITDA, RevPAR Index, room openings, and net administrative expense over, or at the end of, a three-year vesting period. RSUs, including PSUs, granted in the 2015 first quarter had a weighted average grant-date fair value of $79.

SARs

We granted 0.3 million SARs to officers and key employees during the 2015 first quarter. These SARs 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 2015 first quarter was $26 and the weighted average exercise price was $83.

We used the following assumptions as part of a binomial lattice-based valuation to determine the fair value of the SARs we granted during the 2015 first quarter:



Expected volatility	30	%
Dividend yield	1.04	%
Risk-free rate	1.9	%
Expected term (in years)	6 - 9

In making these assumptions, we base expected volatility on the historical movement of the Company’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 are an output of our valuation model which utilizes historical data in estimating the period of time that the SARs are expected to remain unexercised. We calculate the expected terms for SARs for separate groups of retirement eligible and non-retirement eligible employees. Our valuation model also uses historical data to estimate exercise behaviors, which includes determining the likelihood that employees will exercise their SARs before expiration at a certain multiple of stock price to exercise price.

Other Information

As of the end of the 2015 first quarter, we had 25 million remaining shares authorized under the Stock Plan, including 6 million shares under the Stock Option Program and the SAR Program.

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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Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our effective tax rate increased from 25.5% to 32.4% for the three months ended March 31, 2015 primarily due to a $21 million prior year resolution of an issue with the U.S. federal tax authorities related to a guest marketing program that was favorable to the 2014 first quarter results. For the 2015 first quarter, our unrecognized tax benefits balance of $10 million remained unchanged from year-end 2014. The unrecognized tax benefits balance included $7 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 2013 are complete, while the 2014 and 2015 tax year audits are currently ongoing. Various foreign, state, and local income tax returns are also under examination by the applicable taxing authorities. We believe it is reasonably possible that we will resolve two state apportionment issues during the next 12 months for which we have an unrecognized tax balance of $4 million. One issue is currently under audit, and the second issue is pending an expected court ruling in 2015. We paid cash for income taxes, net of refunds, of $58 million in the 2015 first quarter and $25 million in the 2014 first quarter.

Commitments and Contingencies Disclosure [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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Commitments and Contingencies

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies

COMMITMENTS AND 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 maturity. The terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of operating profit. Guarantee fundings to lenders and hotel owners are generally recoverable as loans repayable to us out of future hotel cash flows and/or proceeds from the sale of hotels. We also enter into project completion guarantees with certain lenders in conjunction with hotels that we or our joint venture partners are building.

We show the maximum potential amount of our future guarantee fundings and the carrying amount of our liability for guarantees for which we are the primary obligor at March 31, 2015 in the following table:



($ in millions) Guarantee Type	Maximum Potential Amount of Future Fundings		Liability for Guarantees
Debt service	$	49	$	14
Operating profit	78		42
Other	13		1
Total guarantees where we are the primary obligor	$	140	$	57

Our liability at March 31, 2015, for guarantees for which we are the primary obligor is reflected in our Balance Sheets as $6 million of “Accrued expenses and other” and $51 million of “Other noncurrent liabilities.”

Our guarantees listed in the preceding table include $13 million of debt service guarantees, $20 million of operating profit guarantees, and $1 million of other guarantees that will not be in effect until the underlying properties open and we begin to operate the properties or certain other events occur.

The table above does not include a “put option,” which is not currently in effect, that we entered into in the 2014 first quarter to provide credit support to lenders for a construction loan. We entered into that agreement in conjunction with signing 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). Under the 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 for $315 million during the first two years after opening. 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:

•

$75 million of guarantees for Senior Living Services lease obligations of $56 million (expiring in 2019) and lifecare bonds of $19 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 $3 million of the lifecare bonds; HCP, Inc., as successor by merger to CNL Retirement Properties, Inc. (“CNL”), is the primary obligor on $16 million of the 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 March 31, 2015. In conjunction with our consent of the 2011 extension of certain lease obligations until 2018, Sunrise provided us with $1 million of cash collateral and an $85 million letter of credit issued by Key Bank to secure our continued exposure under the lease guarantees during the extension term and certain other obligations of Sunrise. The letter of credit balance was $65 million at the end of the 2015 first 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. In the 2013 first quarter, Sunrise merged with Health Care REIT, Inc. (“HCN”), and Sunrise’s management business was acquired by an entity formed by affiliates of Kohlberg Kravis Roberts & Co. LP, Beecken Petty O’Keefe & Co., Coastwood Senior Housing Partners LLC, and HCN. In April of 2014, HCN and Revera Inc., a private provider of senior living services, acquired Sunrise’s management business.

•

Lease obligations, for which we became secondarily liable when we acquired the Renaissance Hotel Group N.V. in 1997, consisting of annual rent payments of approximately $5 million and total remaining rent payments through the initial term of approximately $22 million. The majority 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 $3 million (€2 million) of which remained at March 31, 2015. 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 $11 million, relate to two guarantees. MVW has indemnified us for these obligations. We expect these obligations will expire as follows: $4 million in 2019, and $7 million (10 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 $1 million at March 31, 2015.

•

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 2015 first 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 March 31, 2015.

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

In addition to the guarantees we note in the preceding paragraphs, as of March 31, 2015, we had the following commitments outstanding, which are not recorded on our Balance Sheets:

•

A commitment to invest up to $8 million of equity for a non-controlling 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 $2 million of this commitment in 2015. We do not expect to fund the remaining $6 million of this commitment, which expires in 2016.


•	A commitment to invest up to $22 million of equity for non-controlling 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. We do not expect to fund the remaining $13 million of this commitment prior to the end of the commitment period in 2016.


•	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 $16 million (R$52 million) for the development of a property. We expect to fund the majority of this commitment in 2015.

•

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 six 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, $12 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 to purchase information technology hardware, software, and accounting, finance, and maintenance services in the normal course of business totaling $197 million. We expect to fund these commitments as follows: $67 million in 2015, $45 million in 2016, $44 million in 2017, and $41 million thereafter. The majority of these commitments will be recovered through cost reimbursement charges to properties in our system.


•	Several commitments aggregating $29 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. The commitment expires in 2016 subject to annual extensions through 2018. We do not expect to fund this commitment.


•	A $2 million remaining loan commitment that we extended to the owner of a property to cover the cost of renovation shortfalls which we expect to fund in the 2015 second quarter.

Letters of Credit

At March 31, 2015, we had $86 million of letters of credit outstanding (all outside the Credit Facility, as defined in Footnote No. 7, “Long-Term Debt,” below), the majority of which were for our self-insurance programs. Surety bonds issued as of March 31, 2015, totaled $154 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 action was brought in the United States District Court for the District of Maryland (Greenbelt Division), and Dennis Walter Bond Sr. and Michael P. Steigman were the remaining named plaintiffs. Class certification was denied, and on January 16, 2015, the court granted Marriott’s motion for summary judgment and dismissed the case. Plaintiffs have filed a notice of appeal with the U.S. Court of Appeals for the Fourth Circuit, and we have cross-appealed on statute of limitations grounds.

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.

Fair Value of Financial Instruments

The entire disclosure for commitments and contingencies.

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Long-Term Debt

3 Months Ended

Mar. 31, 2015

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 2015 first quarter and year-end 2014:



	At Period End
($ in millions)	March 31, 2015			December 31, 2014
Senior Notes:
Series G, interest rate of 5.8%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.8%)	$	315		$	314
Series H, interest rate of 6.2%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.3%)	289			289
Series I, interest rate of 6.4%, face amount of $293, maturing June 15, 2017 (effective interest rate of 6.5%)	293			293
Series K, interest rate of 3.0%, face amount of $600, maturing March 1, 2019 (effective interest rate of 4.4%)	597			596
Series L, interest rate of 3.3%, face amount of $350, maturing September 15, 2022 (effective interest rate of 3.4%)	349			349
Series M, interest rate of 3.4%, face amount of $350, maturing October 15, 2020 (effective interest rate of 3.6%)	348			348
Series N Notes, interest rate of 3.1%, face amount of $400, maturing October 15, 2021 (effective interest rate of 3.4%)	397			397
Commercial paper, average interest rate of 0.5% at March 31, 2015	1,320			1,072
$2,000 Credit Facility	—			—
Other	120			123
	4,028			3,781
Less current portion classified in:
Current portion of long-term debt	(325		)	(324		)
	$	3,703		$	3,457

All of our long-term debt is recourse to us but unsecured. We paid cash for interest, net of amounts capitalized, of $12 million in the 2015 first quarter and $11 million in the 2014 first quarter.

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 March 31, 2015.

We show future principal payments for our debt as of the end of the 2015 first quarter in the following table:



Debt Principal Payments ($ in millions)	Amount
2015	$	323
2016	297
2017	302
2018	1,329
2019	607
Thereafter	1,170
Balance at March 31, 2015	$	4,028

Notes Receivable

3 Months Ended

Mar. 31, 2015

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 2015 first quarter and year-end 2014:



	At Period End
($ in millions)	March 31, 2015			December 31, 2014
Senior, mezzanine, and other loans	$	245		$	242
Less current portion	(91		)	(27		)
	$	154		$	215

We do not have any past due notes receivable amounts at the end of the 2015 first quarter. The unamortized discounts for our notes receivable were $25 million at the end of the 2015 first quarter and $25 million at year-end 2014.

The following table presents 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 2015 first quarter:



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2015	$	20
2016	73
2017	3
2018	4
2019	2
Thereafter	143
Balance at March 31, 2015	$	245
Weighted average interest rate at March 31, 2015	6.0		%
Range of stated interest rates at March 31, 2015	0 - 9.0%

At the end of the 2015 first quarter, our recorded investment in impaired senior, mezzanine, and other loans notes receivable was $66 million. We had a $50 million reserve representing an allowance for credit losses, leaving $16 million of our investment in impaired loans for which we had no related allowance for credit losses. At year-end 2014, our recorded investment in impaired senior, mezzanine, and other loans was $63 million, and we had a $50 million notes receivable reserve representing an allowance for credit losses, leaving $13 million of our investment in impaired loans for which we had no related allowance for credit losses. Our average investment in impaired notes receivable totaled $65 million for the 2015 first quarter and $101 million for the 2014 first quarter.

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2015

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 present 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:



	March 31, 2015						December 31, 2014
($ in millions)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Senior, mezzanine, and other loans	$	154		$	151		$	215		$	214
Marketable securities and other debt securities	46			46			44			44
Total noncurrent financial assets	$	200		$	197		$	259		$	258

Senior Notes	$	(2,273	)	$	(2,393	)	$	(2,272	)	$	(2,370	)
Commercial paper	(1,320		)	(1,320		)	(1,072		)	(1,072		)
Other long-term debt	(105		)	(119		)	(108		)	(122		)
Other noncurrent liabilities	(57		)	(57		)	(57		)	(57		)
Total noncurrent financial liabilities	$	(3,755	)	$	(3,889	)	$	(3,509	)	$	(3,621	)

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 was $46 million at the end of the 2015 first quarter.

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 a cost of $79 million at the end of the 2015 first quarter, including accrued interest income), and classified it as a current asset as of the end of the 2015 first quarter and year-end 2014. Based on qualitative and quantitative analyses, we concluded that the entity in which we invested is a variable interest entity because it is capitalized primarily with debt. We did not consolidate the entity because we do not have the power to direct the activities that most significantly impact the entity’s economic performance. Inclusive of our contingent future funding commitment, our maximum exposure to loss at the end of the 2015 first quarter was $89 million. This security matures in 2016. We do not intend to sell this security and we believe it is not more likely than not that we will be required to sell the investment before recovery of the amortized cost basis, which may be at maturity.

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, 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. 7, “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 2015 first quarter and year-end 2014, 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. 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 2015 first quarter and year-end 2014, 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. 2, “Summary of Significant Accounting Policies” of our 2014 Form 10-K for more information on the input levels we use in determining fair value.

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

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

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

COMPREHENSIVE INCOME (LOSS) AND SHAREHOLDERS' (DEFICIT) EQUITY

The following table details the accumulated other comprehensive (loss) income activity for the 2015 first quarter:



($ in millions)	Foreign Currency Translation Adjustments			Derivative Instrument Adjustments			Unrealized Gains on Available-For-Sale Securities			Accumulated Other Comprehensive Loss
Balance at year-end 2014	$	(72	)	$	(9	)	$	11		$	(70	)
Other comprehensive (loss) income before reclassifications ⁽¹⁾	(26		)	9			(1		)	(18		)
Reclassification of losses (gains) from accumulated other comprehensive loss	3			(5		)	—			(2		)
Net other comprehensive (loss) income	(23		)	4			(1		)	(20		)
Balance at March 31, 2015	$	(95	)	$	(5	)	$	10		$	(90	)


(1)	Other comprehensive (loss) income before reclassifications related to foreign currency translation adjustments includes a gain of $44 million on intra-entity foreign currency transactions that are of a long-term investment nature.

The following table details the effect on net income of significant amounts reclassified out of accumulated other comprehensive (loss) income for the 2015 first quarter:



($ in millions)	Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
	Three Months Ended
Accumulated Other Comprehensive Loss Components	March 31, 2015			Income Statement Line Item Affected

Foreign Currency Translation Adjustments
Property disposition	$	(3	)	Gains and other income
		(3	)	Income before income taxes
		—		Provision for income taxes
	$	(3	)	Net income

Derivative instrument adjustments
Cash flow hedges	$	3		Base management and franchise fees
Net investment hedge - property disposition		3		Gains and other income
Interest rate contracts		(1	)	Interest expense
		5		Income before income taxes
		—		Provision for income taxes
	$	5		Net income

The following table details the changes in common shares outstanding and shareholders’ deficit for the 2015 first quarter:



(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
279.9		Balance at year-end 2014	$	(2,200	)	$	5	$	2,802		$	4,286		$	(9,223	)	$	(70	)
—		Net income	207			—		—			207			—			—
—		Other comprehensive income	(20		)	—		—			—			—			(20		)
—		Cash dividends ($0.20 per share)	(56		)	—		—			(56		)	—			—
1.9		Employee stock plan issuance	(37		)	—		(62		)	(36		)	61			—
(5.5	)	Purchase of treasury stock	(431		)	—		—			—			(431		)	—
276.3		Balance at March 31, 2015	$	(2,537	)	$	5	$	2,740		$	4,401		$	(9,593	)	$	(90	)

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

Business Segments

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

We are a diversified global lodging company with operations in the following three reportable business segments:


•	North American Full-Service, which includes The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, and Gaylord Hotels located in the United States and Canada;


•	North American Limited-Service, which includes AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, Fairfield Inn & Suites, and TownePlace Suites properties located in the United States and Canada;


•	International, which includes The Ritz-Carlton, Bulgari Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Marriott Executive Apartments, AC Hotels by Marriott, Courtyard, Residence Inn, Fairfield Inn & Suites, Protea Hotels, and Moxy Hotels located outside the United States and Canada.

Although our North American Full-Service and North American Limited-Service segments meet the applicable accounting criteria to be reportable business segments, the following four operating segments do not meet the criteria for separate disclosure as reportable business segments: Asia Pacific, Caribbean and Latin America, Europe, and Middle East and Africa. Accordingly, we combined these four operating segments into an “all other category” which we refer to as “International.”

We evaluate the performance of our operating segments using “segment profits” which is 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 direct general, administrative, and other expenses to each of our segments. The caption “Other unallocated corporate” in the subsequent discussion 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 chief operating decision maker monitors assets for the consolidated company but does not use assets by operating segment when assessing performance or making operating segment resource allocations.

Segment Revenues



	Three Months Ended
($ in millions)	March 31, 2015		March 31, 2014
North American Full-Service Segment	$	2,175	$	2,049
North American Limited-Service Segment	738		667
International Segment	542		520
Total segment revenues	3,455		3,236
Other unallocated corporate	58		57
Total consolidated revenues	$	3,513	$	3,293

Segment Profits



	Three Months Ended
($ in millions)	March 31, 2015			March 31, 2014
North American Full-Service Segment	$	146		$	131
North American Limited-Service Segment	151			115
International Segment	77			65
Total segment profits	374			311
Other unallocated corporate	(39		)	(55		)
Interest expense, net of interest income	(28		)	(25		)
Income taxes	(100		)	(59		)
Net Income	$	207		$	172

The following table details the carrying amount of our goodwill at the end of the 2015 first quarter and year-end 2014:

Goodwill



($ in millions)	North American Full-Service Segment		North American Limited-Service Segment			International Segment		Total Goodwill
Year-end 2014 balance:
Goodwill	$	392	$	125		$	431	$	948
Accumulated impairment losses	—		(54		)	—		(54		)
	$	392	$	71		$	431	$	894

March 31, 2015 balance:
Goodwill	$	392	$	125		$	431	$	948
Accumulated impairment losses	—		(54		)	—		(54		)
	$	392	$	71		$	431	$	894

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

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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Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	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. The Financial Accounting Standards Board has tentatively deferred ASU No. 2014-09 for one year, and with that deferral, the standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, which for us will be our 2018 first quarter. We are permitted to use either the retrospective or the modified retrospective method when adopting ASU No. 2014-09. We are still assessing the potential impact that ASU No. 2014-09 will have on our financial statements and disclosures.
Earnings Per Share Dilutive Securities	We compute the effect of dilutive securities using the treasury stock method and average market prices during the period.

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

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
(in millions, except per share amounts)	March 31, 2015		March 31, 2014
Computation of Basic Earnings Per Share
Net income	$	207	$	172
Weighted average shares outstanding	277.7		296.1
Basic earnings per share	$	0.75	$	0.58
Computation of Diluted Earnings Per Share
Net income	$	207	$	172
Weighted average shares outstanding	277.7		296.1
Effect of dilutive securities
Employee stock option and appreciation right plans	2.4		3.4
Deferred stock incentive plans	0.7		0.8
Restricted stock units	2.7		3.0
Shares for diluted earnings per share	283.5		303.3
Diluted earnings per share	$	0.73	$	0.57

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

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



($ in millions) Guarantee Type	Maximum Potential Amount of Future Fundings		Liability for Guarantees
Debt service	$	49	$	14
Operating profit	78		42
Other	13		1
Total guarantees where we are the primary obligor	$	140	$	57

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2015

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 2015 first quarter and year-end 2014:



	At Period End
($ in millions)	March 31, 2015			December 31, 2014
Senior Notes:
Series G, interest rate of 5.8%, face amount of $316, maturing November 10, 2015 (effective interest rate of 6.8%)	$	315		$	314
Series H, interest rate of 6.2%, face amount of $289, maturing June 15, 2016 (effective interest rate of 6.3%)	289			289
Series I, interest rate of 6.4%, face amount of $293, maturing June 15, 2017 (effective interest rate of 6.5%)	293			293
Series K, interest rate of 3.0%, face amount of $600, maturing March 1, 2019 (effective interest rate of 4.4%)	597			596
Series L, interest rate of 3.3%, face amount of $350, maturing September 15, 2022 (effective interest rate of 3.4%)	349			349
Series M, interest rate of 3.4%, face amount of $350, maturing October 15, 2020 (effective interest rate of 3.6%)	348			348
Series N Notes, interest rate of 3.1%, face amount of $400, maturing October 15, 2021 (effective interest rate of 3.4%)	397			397
Commercial paper, average interest rate of 0.5% at March 31, 2015	1,320			1,072
$2,000 Credit Facility	—			—
Other	120			123
	4,028			3,781
Less current portion classified in:
Current portion of long-term debt	(325		)	(324		)
	$	3,703		$	3,457

Debt Principal Payments (Net of Unamortized Discounts)

We show future principal payments for our debt as of the end of the 2015 first quarter in the following table:



Debt Principal Payments ($ in millions)	Amount
2015	$	323
2016	297
2017	302
2018	1,329
2019	607
Thereafter	1,170
Balance at March 31, 2015	$	4,028

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

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

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

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

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

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

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-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

Notes Receivable (Tables)

3 Months Ended

Mar. 31, 2015

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



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2015	$	20
2016	73
2017	3
2018	4
2019	2
Thereafter	143
Balance at March 31, 2015	$	245
Weighted average interest rate at March 31, 2015	6.0		%
Range of stated interest rates at March 31, 2015	0 - 9.0%

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 2015 first quarter and year-end 2014:



	At Period End
($ in millions)	March 31, 2015			December 31, 2014
Senior, mezzanine, and other loans	$	245		$	242
Less current portion	(91		)	(27		)
	$	154		$	215

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

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

We present 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:



	March 31, 2015						December 31, 2014
($ in millions)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Senior, mezzanine, and other loans	$	154		$	151		$	215		$	214
Marketable securities and other debt securities	46			46			44			44
Total noncurrent financial assets	$	200		$	197		$	259		$	258

Senior Notes	$	(2,273	)	$	(2,393	)	$	(2,272	)	$	(2,370	)
Commercial paper	(1,320		)	(1,320		)	(1,072		)	(1,072		)
Other long-term debt	(105		)	(119		)	(108		)	(122		)
Other noncurrent liabilities	(57		)	(57		)	(57		)	(57		)
Total noncurrent financial liabilities	$	(3,755	)	$	(3,889	)	$	(3,509	)	$	(3,621	)

Accumulated Other Comprehensive Income (Loss) Activity

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

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

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

The following table details the accumulated other comprehensive (loss) income activity for the 2015 first quarter:



($ in millions)	Foreign Currency Translation Adjustments			Derivative Instrument Adjustments			Unrealized Gains on Available-For-Sale Securities			Accumulated Other Comprehensive Loss
Balance at year-end 2014	$	(72	)	$	(9	)	$	11		$	(70	)
Other comprehensive (loss) income before reclassifications ⁽¹⁾	(26		)	9			(1		)	(18		)
Reclassification of losses (gains) from accumulated other comprehensive loss	3			(5		)	—			(2		)
Net other comprehensive (loss) income	(23		)	4			(1		)	(20		)
Balance at March 31, 2015	$	(95	)	$	(5	)	$	10		$	(90	)

Amounts Reclassified out of Accumulated Other Comprehensive (Loss) Income

The following table details the effect on net income of significant amounts reclassified out of accumulated other comprehensive (loss) income for the 2015 first quarter:



($ in millions)	Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
	Three Months Ended
Accumulated Other Comprehensive Loss Components	March 31, 2015			Income Statement Line Item Affected

Foreign Currency Translation Adjustments
Property disposition	$	(3	)	Gains and other income
		(3	)	Income before income taxes
		—		Provision for income taxes
	$	(3	)	Net income

Derivative instrument adjustments
Cash flow hedges	$	3		Base management and franchise fees
Net investment hedge - property disposition		3		Gains and other income
Interest rate contracts		(1	)	Interest expense
		5		Income before income taxes
		—		Provision for income taxes
	$	5		Net income

Changes in Shareholders' Deficit

The following table details the changes in common shares outstanding and shareholders’ deficit for the 2015 first quarter:



(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
279.9		Balance at year-end 2014	$	(2,200	)	$	5	$	2,802		$	4,286		$	(9,223	)	$	(70	)
—		Net income	207			—		—			207			—			—
—		Other comprehensive income	(20		)	—		—			—			—			(20		)
—		Cash dividends ($0.20 per share)	(56		)	—		—			(56		)	—			—
1.9		Employee stock plan issuance	(37		)	—		(62		)	(36		)	61			—
(5.5	)	Purchase of treasury stock	(431		)	—		—			—			(431		)	—
276.3		Balance at March 31, 2015	$	(2,537	)	$	5	$	2,740		$	4,401		$	(9,593	)	$	(90	)

Business Segments (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Revenues



	Three Months Ended
($ in millions)	March 31, 2015		March 31, 2014
North American Full-Service Segment	$	2,175	$	2,049
North American Limited-Service Segment	738		667
International Segment	542		520
Total segment revenues	3,455		3,236
Other unallocated corporate	58		57
Total consolidated revenues	$	3,513	$	3,293

Net Income

Segment Profits



	Three Months Ended
($ in millions)	March 31, 2015			March 31, 2014
North American Full-Service Segment	$	146		$	131
North American Limited-Service Segment	151			115
International Segment	77			65
Total segment profits	374			311
Other unallocated corporate	(39		)	(55		)
Interest expense, net of interest income	(28		)	(25		)
Income taxes	(100		)	(59		)
Net Income	$	207		$	172

Goodwill

The following table details the carrying amount of our goodwill at the end of the 2015 first quarter and year-end 2014:

Goodwill



($ in millions)	North American Full-Service Segment		North American Limited-Service Segment			International Segment		Total Goodwill
Year-end 2014 balance:
Goodwill	$	392	$	125		$	431	$	948
Accumulated impairment losses	—		(54		)	—		(54		)
	$	392	$	71		$	431	$	894

March 31, 2015 balance:
Goodwill	$	392	$	125		$	431	$	948
Accumulated impairment losses	—		(54		)	—		(54		)
	$	392	$	71		$	431	$	894

Acquisitions and Dispositions - Acquisitions (Detail) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended			0 Months Ended
	Mar. 31, 2015 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2015 Delta Hotels and Resorts USD ($)	Jun. 30, 2014 Protea Hospitality Holdings USD ($)	Jun. 30, 2014 Protea Hospitality Holdings ZAR	Apr. 01, 2015 Subsequent Event Delta Hotels and Resorts USD ($) hotel_and_resort room hotel	Apr. 01, 2015 Subsequent Event Delta Hotels and Resorts CAD	Apr. 01, 2015 Subsequent Event Delta Hotels and Resorts USD ($)	Apr. 01, 2015 Subsequent Event Delta Hotels and Resorts CAD
Business Acquisition [Line Items]
Cash paid for acquisition					$ 193	2,046	$ 134	170
Working capital acquired							2	2
Purchase price of acquisition							136	172
Cash in the form of an escrow deposit	136	192		136
Intangible assets including goodwill					184	1,943			124	157
Tangible assets consisting of property and equipment and other current assets					9	103			12	15
Number of open hotels and resorts acquired							37	37
Number of rooms acquired							10,000	10,000
Number of managed hotels and resorts acquired							27	27
Number of managed hotels and resorts acquired, 30 year management agreement							13	13
Number of franchised hotels and resorts acquired							10	10
Number of hotels and resorts under development acquired							5	5
Number of hotels and resorts under development acquired, 30 year management agreement							1	1
Deferred contract acquisition costs					91	960
Brand intangible					73	772
Goodwill	$ 894		$ 894		$ 20	211

Acquisitions and Dispositions - Dispositions and Planned Dispositions (Details) In Millions, unless otherwise specified	3 Months Ended			0 Months Ended	3 Months Ended				3 Months Ended
	Mar. 31, 2014 EDITION Hotels USD ($) hotel	Mar. 31, 2014 London EDITION Hotel USD ($)	Mar. 31, 2015 Miami Beach EDITION Hotel USD ($)	Apr. 01, 2015 Subsequent Event New York City EDITION Hotel USD ($)	Mar. 31, 2015 Other unallocated corporate Depreciation and Amortization Miami Beach EDITION Hotel USD ($)	Mar. 31, 2015 Other unallocated corporate Depreciation and Amortization New York City EDITION Hotel USD ($)	Mar. 31, 2015 Assets Held-for-sale Miami Beach EDITION Hotel USD ($)	Mar. 31, 2015 Accrued Expense and Other Miami Beach EDITION Hotel USD ($)	Mar. 31, 2015 International Segment USD ($)	Mar. 31, 2015 International Segment EUR (€)
Significant Acquisitions and Disposals [Line Items]
Number of hotels	3
Proceeds from sale of property	$ 816
Proceeds from sale of property		233	230	343
Impairment of long-lived assets					6	6
Proceeds from sale of interest in a limited service property									27	24
Assets, sold							45
Liabilities, sold								$ 8

Earnings Per Share - 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
	Mar. 31, 2015	Mar. 31, 2014
Computation of Basic Earnings Per Share
Net income	$ 207	$ 172
Weighted average shares outstanding	277.7	296.1
Basic earnings per share (in USD per share)	$ 0.75	$ 0.58
Computation of Diluted Earnings Per Share
Net income	$ 207	$ 172
Weighted average shares outstanding	277.7	296.1
Effect of dilutive securities
Shares for diluted earnings per share	283.5	303.3
Diluted earnings per share (in USD per share)	$ 0.73	$ 0.57
Employee stock option and appreciation right plans
Effect of dilutive securities
Effect of dilutive securities	2.4	3.4
Deferred stock incentive plans
Effect of dilutive securities
Effect of dilutive securities	0.7	0.8
Restricted stock units
Effect of dilutive securities
Effect of dilutive securities	2.7	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 appreciation right plans) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Employee stock option and appreciation right 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)	0.2	0.2

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

Share-Based Compensation - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 24	$ 25
Deferred compensation costs related to unvested awards	$ 206		$ 114
Remaining shares authorized	25
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)	$ 79
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)	1.3
Stock awards, vesting period	4 years
Period of service after grant date	1 year
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)	0.1
Stock awards, vesting period	3 years
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, vesting period	4 years
Stock awards, percentage of award vesting and becoming exercisable annually	25.00%
Stock awards, weighted average grant-date fair value (in USD per share)	$ 26
Stock awards, expiration	10 years
Stock awards, weighted average exercise price (in USD per share)	$ 83
Employee stock option and the SAR Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining shares authorized	6

Share Based Compensation - Assumptions for SARs Granted (Detail) (Stock Appreciation Rights)	3 Months Ended
	Mar. 31, 2015
Share based Compensation Arrangement by Share based Payment Award, Fair Value Assumptions, Method Used [Line Items]
Expected volatility	30.00%
Dividend yield	1.04%
Risk-free rate	1.90%
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)	9 years

Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 apportionment_issue	Mar. 31, 2014
Income Taxes [Line Items]
Effective income tax rate	32.40%	25.50%
Unrecognized tax benefits	$ 10
Unrecognized tax benefits that, if recognized, would impact the effective tax rate	7
State apportionment issues expected to be resolve during the next 12 months	2
Net cash payments (receipts) for income tax (refunds)	58	25
US Federal Tax Issue
Income Taxes [Line Items]
Change in unrecognized tax benefits, amount of unrecorded benefit	21
State Apportionment Issues
Income Taxes [Line Items]
Change in unrecognized tax benefits, amount of unrecorded benefit	$ 4

Commitments and Contingencies - Guarantees (Details) In Millions, unless otherwise specified	3 Months Ended																											3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015 Lease Obligations and Debt Securities Payable USD ($)	Mar. 31, 2015 Property Lease Guarantee ExecuStay USD ($)	Mar. 31, 2015 Primary Obligor USD ($)	Mar. 31, 2015 Primary Obligor Debt service USD ($)	Mar. 31, 2015 Primary Obligor Operating profit USD ($)	Mar. 31, 2015 Primary Obligor Other guarantees USD ($)	Mar. 31, 2015 Primary Obligor Not Yet In Effect Condition Debt service USD ($)	Mar. 31, 2015 Primary Obligor Not Yet In Effect Condition Operating profit USD ($)	Mar. 31, 2015 Primary Obligor Not Yet In Effect Condition Other guarantees USD ($)	Mar. 31, 2015 Secondarily Liable USD ($)	Mar. 31, 2015 Secondarily Liable MVW Spin-off USD ($) guarantee	Mar. 31, 2015 Secondarily Liable MVW Spin-off Expiration in 2019 USD ($)	Mar. 31, 2015 Secondarily Liable MVW Spin-off Expiration in 2022 USD ($)	Mar. 31, 2015 Secondarily Liable MVW Spin-off Expiration in 2022 SGD	Mar. 31, 2015 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc USD ($)	Dec. 30, 2011 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc USD ($)	Mar. 31, 2015 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc Key Bank Letter of Credit USD ($)	Dec. 30, 2011 Secondarily Liable Property Lease Guarantee Sunrise Senior Living Inc Key Bank Letter of Credit USD ($)	Mar. 31, 2015 Secondarily Liable Property Lease Guarantee Renaissance Hotel Group N.V. USD ($)	Mar. 31, 2015 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 (€)	Mar. 31, 2015 Secondarily Liable Debt Securities Payable USD ($)	Mar. 31, 2015 Secondarily Liable Debt Securities Payable Sunrise Senior Living Inc USD ($)	Mar. 31, 2015 Secondarily Liable Debt Securities Payable CNL Retirement Properties Inc USD ($)	Mar. 31, 2015 Secondarily Liable Lease is Terminated by End of 2019 Property Lease Guarantee ExecuStay USD ($)	Mar. 31, 2015 New York City EDITION Hotel Primary Obligor Debt service USD ($)	Mar. 31, 2015 New York City EDITION Hotel Primary Obligor Other guarantees	Mar. 31, 2015 Other Current Liabilities Primary Obligor USD ($)	Mar. 31, 2015 Other Noncurrent Liabilities Primary Obligor USD ($)
Commitments and Contingencies Disclosure [Line Items]
Funding guarantees, minimum term	4 years
Funding guarantees, maximum term	10 years
Maximum potential amount of future fundings				$ 140	$ 49	$ 78	$ 13	$ 13	$ 20	$ 1	$ 75	$ 11	$ 4	$ 7	10	$ 56							$ 19	$ 3	$ 16	$ 6	$ 315
Guarantor obligations, number of guarantees												2
Liability for guarantees				57	14	42	1																						6	51
Guarantee obligations, carrying value		3	1									1
Guarantor obligations, term																												2 years
Guarantor obligations, extended term																												3 years
Guarantee obligations, cash collateralized																	1			3	2	35
Letter of credit provided by Sunrise, amount available																			85
Letter of credit provided by Sunrise, amount available at period end																		65
Collateral for continuing lease obligation contingency, future minimum annual payments due from 2014 until 2018																	1
Annual rent payments, approximately																				5
Remaining rent payments, approximately																				$ 22

Commitments and Contingencies - Commitments (Detail) In Millions, unless otherwise specified				3 Months Ended									3 Months Ended
	Mar. 31, 2015 Real Estate Investment Upper Limit USD ($)	Mar. 31, 2015 Development of Dual Branded Property USD ($)	Mar. 31, 2015 Development of Dual Branded Property BRL	Mar. 31, 2015 Investment in Other Joint Venture Commitment USD ($) Entity	Mar. 31, 2015 Investment in Other Joint Venture Commitment EUR (€)	Mar. 31, 2015 Information Technology Hardware, Software, Accounting, Finance, and Maintenance Services USD ($)	Mar. 31, 2015 Commitments USD ($)	Mar. 31, 2015 Lodging Property USD ($)	Mar. 31, 2015 Full Service and Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment USD ($)	Mar. 31, 2015 Full Service and Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment Upper Limit USD ($)	Mar. 31, 2015 Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment USD ($)	Mar. 31, 2015 Limited Service Equity Investment for Non Controlling Interest in Partnership Commitment Upper Limit USD ($)	Mar. 31, 2015 Debt Securities Mandatorily Redeemable Preferred Equity Ownership Interest USD ($) hotel
Commitments and Contingencies Disclosure [Line Items]
Investment commitments		$ 16	52							$ 8		$ 22	$ 10
Investment commitments expected to be funded in 2015	11								2		3
Investment commitments not expected to be funded							29		6		13
Investment commitments expected to be funded in 2016											6
Acquisition interests in joint ventures				2	2
Contingent acquisition period				6 years	6 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				12	11
Purchase commitments						197
Purchase commitments expected to be funded in 2015						67
Purchase commitments expected to be funded in 2016						45
Purchase commitments expected to be funded in 2017						44
Purchase commitments expected to be funded thereafter						41
Number of hotels included in investment commitments													3
Loan commitment, amount								$ 2

Long-Term Debt (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
$2,000 Credit Facility	$ 0	$ 0
Other	120,000,000	123,000,000
Long-term debt	4,028,000,000	3,781,000,000
Current portion of long-term debt	(325,000,000)	(324,000,000)
Long-term debt, noncurrent	3,703,000,000	3,457,000,000
Multicurrency revolving credit agreement, aggregate effective borrowings	2,000,000,000	2,000,000,000
Series G, Senior Notes 5.8% Due November 10, 2015
Debt Instrument [Line Items]
Senior Notes	315,000,000	314,000,000
Debt instrument, stated interest rate	5.80%	5.80%
Senior Notes, face amount	316,000,000	316,000,000
Senior Notes, effective interest rate	6.80%	6.80%
Series H, Senior Notes 6.2% Due June 15, 2016
Debt Instrument [Line Items]
Senior Notes	289,000,000	289,000,000
Debt instrument, stated interest rate	6.20%	6.20%
Senior Notes, face amount	289,000,000	289,000,000
Senior Notes, effective interest rate	6.30%	6.30%
Series I, Senior Notes 6.4% Due June 15, 2017
Debt Instrument [Line Items]
Senior Notes	293,000,000	293,000,000
Debt instrument, stated interest rate	6.40%	6.40%
Senior Notes, face amount	293,000,000	293,000,000
Senior Notes, effective interest rate	6.50%	6.50%
Series K, Senior Notes 3.0% Due March 1, 2019
Debt Instrument [Line Items]
Senior Notes	597,000,000	596,000,000
Debt instrument, stated interest rate	3.00%	3.00%
Senior Notes, face amount	600,000,000	600,000,000
Senior Notes, effective interest rate	4.40%	4.40%
Series L, Senior Notes 3.3% Due September 15, 2022
Debt Instrument [Line Items]
Senior Notes	349,000,000	349,000,000
Debt instrument, stated interest rate	3.30%	3.30%
Senior Notes, face amount	350,000,000	350,000,000
Senior Notes, effective interest rate	3.40%	3.40%
Series M Senior Notes 3.4% Due October 15, 2020
Debt Instrument [Line Items]
Senior Notes	348,000,000	348,000,000
Debt instrument, stated interest rate	3.40%	3.40%
Senior Notes, face amount	350,000,000	350,000,000
Senior Notes, effective interest rate	3.60%	3.60%
Series N Senior Notes 3.1% Due October 15, 2021
Debt Instrument [Line Items]
Senior Notes	397,000,000	397,000,000
Debt instrument, stated interest rate	3.10%	3.10%
Senior Notes, face amount	400,000,000	400,000,000
Senior Notes, effective interest rate	3.40%	3.40%
Commercial Paper
Debt Instrument [Line Items]
Commercial paper, average interest rate of 0.5% at March 31, 2015	$ 1,320,000,000	$ 1,072,000,000
Long-term debt, average interest rate	0.50%

Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Debt Disclosure [Abstract]
Cash paid for interest, net of amounts capitalized	$ 12,000,000	$ 11,000,000
Multicurrency revolving credit agreement, aggregate effective borrowings	$ 2,000,000,000		$ 2,000,000,000

Long-Term Debt - Debt Principal Payments (Net of Unamortized Discounts) (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
2015	$ 323
2016	297
2017	302
2018	1,329
2019	607
Thereafter	1,170
Long-term debt	$ 4,028	$ 3,781

Notes Receivable - Composition of our Notes Receivable Balances (Net of Reserves and Unamortized Discounts) (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Senior, mezzanine, and other loans	$ 245	$ 242
Less current portion	(91)	(27)
Notes receivable, noncurrent	$ 154	$ 215

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	Mar. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
2015	$ 20
2016	73
2017	3
2018	4
2019	2
Thereafter	143
Senior, mezzanine, and other loans	$ 245	$ 242
Weighted average interest rate at March 31, 2015	6.00%
Range of stated interest rates at March 31, 2015, minimum	0.00%
Range of stated interest rates at March 31, 2015. maximum	9.00%

Notes Receivable - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Receivables [Abstract]
Notes receivable, past due	$ 0
Notes receivable, unamortized discounts, balance	25,000,000		25,000,000
Notes receivable reserve representing an allowance for credit losses	50,000,000		50,000,000
Investment in impaired notes receivables	66,000,000		63,000,000
Investment in impaired loans with no related allowance for credit losses	16,000,000		13,000,000
Average investment in notes receivables	$ 65,000,000	$ 101,000,000

Fair Value of Financial Instruments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Held-to-maturity securities, amortized cost	$ 79
Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper, maturity term (generally 30 days or less)	30 days
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of our marketable securities	46
Mandatorily Redeemable Preferred Equity Ownership Interest \| Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Held-to-maturity securities	65
Number of hotels	3
Held-to-maturity securities, fair value	$ 89

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

Amount after other than temporary impairment (OTTI) accretion, of investments in debt securities classified as held-to-maturity.

+ References+ Details

Fair Value of Financial Instruments - Carrying Values and Fair Values of Non-Current Financial Assets and Liabilities (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior, mezzanine, and other loans	$ 154	$ 215
Other noncurrent liabilities	(901)	(891)
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior, mezzanine, and other loans	154	215
Marketable securities and other debt securities	46	44
Total noncurrent financial assets	200	259
Senior Notes	(2,273)	(2,272)
Commercial paper	(1,320)	(1,072)
Other long-term debt	(105)	(108)
Other noncurrent liabilities	(57)	(57)
Total noncurrent financial liabilities	(3,755)	(3,509)
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior, mezzanine, and other loans	151	214
Marketable securities and other debt securities	46	44
Total noncurrent financial assets	197	258
Senior Notes	(2,393)	(2,370)
Commercial paper	(1,320)	(1,072)
Other long-term debt	(119)	(122)
Other noncurrent liabilities	(57)	(57)
Total noncurrent financial liabilities	$ (3,889)	$ (3,621)

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

3 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Other comprehensive (loss) income before reclassifications

$ (70)

(18)

Reclassification of losses (gains) from accumulated other comprehensive loss

(2)

(20)

Other comprehensive income (loss) related to foreign current translation adjustment

(90)

Foreign Currency Translation Adjustments

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

Other comprehensive (loss) income before reclassifications

(72)

(26)

^[1]

Reclassification of losses (gains) from accumulated other comprehensive loss

(23)

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

(95)

Derivative Instrument Adjustments

Other comprehensive (loss) income before reclassifications

(9)

Reclassification of losses (gains) from accumulated other comprehensive loss

(5)

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

(5)

Unrealized Gains on Available-For-Sale Securities

Other comprehensive (loss) income before reclassifications

(1)

Reclassification of losses (gains) from accumulated other comprehensive loss

(1)

$ 10

[1]	Other comprehensive (loss) income before reclassifications related to foreign currency translation adjustments includes a gain of $44 million on intra-entity foreign currency transactions that are of a long-term investment nature.

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

Comprehensive Income (Loss) and Shareholders' (Deficit) Equity - Amounts Reclassified out of Accumulated Other Comprehensive (Loss) Income (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gains and other income	$ 0	$ 0
Interest expense	(36)	(30)
Income before income taxes	307	231
Provision for income taxes	100	59
NET INCOME	207	172
Foreign Currency Translation Adjustments \| Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income before income taxes	(3)
Provision for income taxes	0
NET INCOME	(3)
Other Derivative Instrument Adjustments \| Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income before income taxes	5
Provision for income taxes	0
NET INCOME	5
Interest rate contracts \| Other Derivative Instrument Adjustments \| Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	(1)
Cash flow hedges \| Other Derivative Instrument Adjustments \| Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Base management and franchise fees	3
Net investment hedging \| Foreign Currency Translation Adjustments \| Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gains and other income	(3)
Net investment hedging \| Other Derivative Instrument Adjustments \| Reclassification of Gains (Losses) from Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Gains and other income	$ 3

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

+ References+ Details

Comprehensive Income (Loss) and Shareholders' (Deficit) Equity - Changes in Shareholders' Deficit (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015 Additional Paid-in- Capital	Mar. 31, 2015 Retained Earnings	Mar. 31, 2015 Treasury Stock, at Cost	Mar. 31, 2015 Accumulated Other Comprehensive Loss	Mar. 31, 2015 Class A Common Stock	Dec. 31, 2014 Class A Common Stock
(Increase) Decrease in Shareholders' Deficit [Roll Forward]
Balance at year-end 2014	$ (2,200)		$ 2,802	$ 4,286	$ (9,223)	$ (70)	$ 5	$ 5
Balance at year-end 2014, shares	279.9
Net income	207	172		207
Other comprehensive income	(20)	3				(20)
Cash dividends ($0.20 per share)	(56)			(56)
Employee stock plan issuance	(37)		(62)	(36)	61
Employee stock plan issuance, shares	1.9
Purchase of treasury stock	(431)			0	(431)
Purchase of treasury stock, shares	(5.5)
Balance at March 31, 2015	$ (2,537)		$ 2,740	$ 4,401	$ (9,593)	$ (90)	$ 5	$ 5
Balance at March 31, 2014, shares	276.3
Cash dividends, per share (in USD per share)	$ 0.20

Business Segments - Additional Information (Detail)	3 Months Ended
Business Segments - Additional Information (Detail)	Mar. 31, 2015 segment
Segment Reporting [Abstract]
Number of reportable business segments	3
Number of operating segments related to reorganization	4

Business Segments - Segment Revenues (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 3,513	$ 3,293
Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	3,455	3,236
Other unallocated corporate
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	58	57
North American Full-Service Segment \| Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,175	2,049
North American Limited-Service Segment \| Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	738	667
International Segment \| Total segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 542	$ 520

Business Segments - Segment Profits (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest expense, net of interest income	$ (28)	$ (25)
Income taxes	(100)	(59)
Net income	207	172
Total segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	374	311
Other unallocated corporate
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	(39)	(55)
North American Full-Service Segment \| Total segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	146	131
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	115
International Segment \| Total segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment financial results	$ 77	$ 65