Restructuring (Tables)

6 Months Ended

Jun. 30, 2011


	Liability as of									Liability as of
	December 31,			Costs		Cash			Other	June 30,
		2010	Recognized			Payments			Non-cash			2011
Personnel-related ^(a)	$	9	$	-		$	(7	)	$	- $		2	^(c)
Facility-related		11		6	^(b)		(4	)		2		15	^(d)
	$	20	$	6		$	(11	)	$	2	$	17

(a)	As of June 30, 2011, the Company had notified substantially all of the employees related to such costs.
(b)	Includes $1 million of a reversal of previously recorded expenses at the Company's vacation ownership business.
(c)	Balance at June 30, 2011 is recorded at the Company's vacation exchange and rentals business.
(d)	Approximately $9 million and $6 million is recorded at the Company's vacation exchange and rentals business and vacation ownership business, respectively, as of June 30, 2011.

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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