Consolidated Statements Of Income (USD $) In Millions, except Per Share data	3 Months Ended				9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010		Sep. 30, 2011		Sep. 30, 2010
Net revenues
Service and membership fees	$ 584		$ 464		$ 1,579		$ 1,298
Vacation ownership interest sales	320		308		855		796
Franchise fees	160		142		395		353
Consumer financing	105		107		310		318
Other	43		44		114		149
Net revenues	1,212		1,065		3,253		2,914
Expenses
Operating	490		410		1,358		1,179
Cost of vacation ownership interests	35		52		115		138
Consumer financing interest	21		27		67		80
Marketing and reservation	182		149		472		410
General and administrative	157		101		422		394
Asset impairment			4		13		4
Restructuring costs					6
Depreciation and amortization	43		43		133		128
Total expenses	928		786		2,586		2,333
Operating income	284		279		667		581
Other income, net	(2)		(1)		(9)		(6)
Interest expense	34		47	[1]	115	[2]	133	[3]
Interest income	(19)	[4]	(2)		(22)	[4]	(3)
Income before income taxes	271		235		583		457
Provision for income taxes	96		79		222		157
Net income	$ 175		$ 156		$ 361		$ 300
Earnings per share
Basic	$ 1.10		$ 0.88		$ 2.17		$ 1.68
Diluted	$ 1.08		$ 0.84		$ 2.12		$ 1.62
Cash dividends declared per share	$ 0.15		$ 0.12		$ 0.45		$ 0.36

[1] Includes $11 million of costs incurred for the repurchase of a portion of the Company's Convertible Notes during the third quarter of 2010.

[2] Includes (i) $12 million of costs incurred for the repurchase of a portion of the Company's Convertible Notes during the first nine months of 2011 and (ii) $3 million of interest related to value added tax accruals.

[3] Includes (i) $16 million of costs incurred for the early extinguishment of the Company's term loan and revolving foreign credit facilities during March 2010 and (ii) $11 million of costs incurred for the repurchase of a portion of the Company's Convertible Notes during the third quarter of 2010.

[4] Includes $16 million of interest income related to a refund of value added taxes.