CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 15, 2012	Jun. 17, 2011
OPERATING ACTIVITIES
Net income	$ 247	$ 236
Adjustments to reconcile to cash provided by operating activities:
Depreciation and amortization	67	76
Income taxes	113	74
Timeshare activity, net	0	113
Liability for guest loyalty program	21	35
Restructuring costs, net	0	(4)
Asset impairments and write-offs	4	5
Working capital changes and other	(35)	(54)
Net cash provided by operating activities	417	481
INVESTING ACTIVITIES
Capital expenditures	(257)	(91)
Dispositions	4	0
Loan advances	(2)	(11)
Loan collections and sales	106	88
Equity and cost method investments	(12)	(70)
Contract acquisition costs	(19)	(47)
Other	(39)	(95)
Net cash used in investing activities	(219)	(226)
FINANCING ACTIVITIES
Commercial paper/credit facility, net	147	156
Issuance of long-term debt	590	0
Repayment of long-term debt	(352)	(129)
Issuance of Class A Common Stock	48	62
Dividends paid	(67)	(64)
Purchase of treasury stock	(550)	(668)
Other financing activities	(11)	0
Net cash used in financing activities	(195)	(643)
INCREASE (DECREASE) IN CASH AND EQUIVALENTS	3	(388)
CASH AND EQUIVALENTS, beginning of period	102	505
CASH AND EQUIVALENTS, end of period	$ 105	$ 117