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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 15, 2012
Jun. 17, 2011
Jun. 15, 2012
Jun. 17, 2011
REVENUES        
Base management fees $ 141 $ 149 $ 265 $ 283
Franchise fees 145 120 271 223
Incentive management fees 56 50 106 92
Owned, leased, corporate housing, and other revenue 264 249 481 473
Timeshare sales and services 0 288 0 564
Cost reimbursements 2,170 2,116 4,205 4,115
Revenues 2,776 2,972 5,328 5,750
OPERATING COSTS AND EXPENSES        
Owned, leased, and corporate housing-direct 203 220 398 424
Timeshare-direct 0 245 0 470
Reimbursed costs 2,170 2,116 4,205 4,115
General, administrative, and other 160 159 307 318
Costs and Expenses, Total 2,533 2,740 4,910 5,327
OPERATING INCOME 243 232 418 423
Gains and other income 5 3 7 5
Interest expense (34) (37) (67) (78)
Interest income 3 3 7 7
Equity in losses (8) 0 (9) (4)
INCOME BEFORE INCOME TAXES 209 201 356 353
Provision for income taxes (66) (66) (109) (117)
NET INCOME $ 143 $ 135 $ 247 $ 236
EARNINGS PER SHARE-Basic        
Earnings per share (in USD per share) $ 0.44 $ 0.38 $ 0.75 $ 0.65
EARNINGS PER SHARE-Diluted        
Earnings per share (in USD per share) $ 0.42 $ 0.37 $ 0.72 $ 0.63
CASH DIVIDENDS DECLARED PER SHARE (in USD per share) $ 0.1300 $ 0.1000 $ 0.2300 $ 0.1875