2.2.0.7
false
Securitized Vacation Ownership Debt
11001 - Disclosure - Securitized Vacation Ownership Debt
true
false
false
false
1
USD
false
false
Unit12
Standard
http://www.xbrl.org/2003/iso4217
USD
iso4217
0
Unit14
Divide
http://www.xbrl.org/2003/iso4217
USD
iso4217
http://www.xbrl.org/2003/instance
shares
xbrli
0
Unit1
Standard
http://www.xbrl.org/2003/instance
shares
xbrli
0
$
5
3
hot_SecuritizedVacationOwnershipDebtTextBlock
hot
false
na
duration
Securitized Vacation Ownership Debt
false
false
false
false
false
false
false
false
false
false
false
label
false
|
1
false
false
false
false
0
0
<div>
<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note 10. Securitized Vacation Ownership Debt</b> </div>
<div style="margin-top: 6pt; font-size: 10pt;" align="left"> As discussed in Note 7, the Company's VIEs associated with the securitization of its vacation ownership notes receivable were consolidated following the adoption of ASU Nos. 2009-16 and 2009-17. As of June 30, 2010, long-term and short-term securitized vacation ownership debt consisted of the following (in millions): </div>
<table style="font-size: 10pt; text-align: left;" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr valign="bottom"><td width="88%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="margin-left: 15px; text-indent: -15px;">2003 securitization, interest rates ranging from 3.95% to 6.96%, maturing 2019</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">22</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="margin-left: 15px; text-indent: -15px;">2005 securitization, interest rates ranging from 5.25% to 6.29%, maturing 2023</div></td>
<td> </td>
<td> </td>
<td align="right">66</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="margin-left: 15px; text-indent: -15px;">2006 securitization, interest rates ranging from 5.28% to 5.85%, maturing 2019</div></td>
<td> </td>
<td> </td>
<td align="right">47</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="margin-left: 15px; text-indent: -15px;">2009 securitizations, interest rates ranging from 5.28% to 5.81%, maturing 2014 and 2016</div></td>
<td> </td>
<td> </td>
<td align="right">240</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="margin-left: 15px; text-indent: -15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="margin-left: 15px; text-indent: -15px;"> </div></td>
<td> </td>
<td> </td>
<td align="right">375</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="margin-left: 15px; text-indent: -15px;">Less current maturities</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(108</td>
<td nowrap="nowrap">)</td></tr>
<tr style="font-size: 1px;"><td>
<div style="margin-left: 15px; text-indent: -15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="margin-left: 15px; text-indent: -15px;">Long-term debt</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">267</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="margin-left: 15px; text-indent: -15px;"> </div></td></tr></table></div>
<div> </div> </div>
Note 10. Securitized Vacation Ownership Debt
As discussed in Note 7, the Company's VIEs associated with the securitization of
false
false
false
|
us-types:textBlockItemType
textblock
Securitized Vacation Ownership Debt
No authoritative reference available.
false
1
1
false
UnKnown
UnKnown
UnKnown
false
true