2.2.0.7 false Business Segment and Geographical Information 12001 - Disclosure - Business Segment and Geographical Information 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 Business Segment and Geographical Information 3 us-gaap_SegmentReportingDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel 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 20. Business Segment Information</b></div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">     The Company has two operating segments: hotels and vacation ownership and residential. The hotel segment generally represents a worldwide network of owned, leased and consolidated joint venture hotels and resorts operated primarily under the Company's proprietary brand names including St. Regis<sup style="font-size: 85%; vertical-align: text-top;">®</sup>, The Luxury Collection <sup style="font-size: 85%; vertical-align: text-top;">®</sup>, Sheraton<sup style="font-size: 85%; vertical-align: text-top;">®</sup>, Westin<sup style="font-size: 85%; vertical-align: text-top;">®</sup>, W<sup style="font-size: 85%; vertical-align: text-top;">®</sup>, Le Méridien<sup style="font-size: 85%; vertical-align: text-top;">®</sup>, Aloft<sup style="font-size: 85%; vertical-align: text-top;">®</sup>, Element<sup style="font-size: 85%; vertical-align: text-top;">®</sup>, and Four Points<sup style="font-size: 85%; vertical-align: text-top;">®</sup> by Sheraton as well as hotels and resorts which are managed or franchised under these brand names in exchange for fees. The vacation ownership and residential segment includes the development, ownership and operation of vacation ownership resorts, marketing and selling VOIs, providing financing to customers who purchase such interests and the sale of residential units.</div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">     The performance of the hotels and vacation ownership and residential segments is evaluated primarily on operating profit before corporate selling, general and administrative expense, interest, gains and losses on the sale of real estate, restructuring and other special (charges) credits, and income taxes. The Company does not allocate these items to its segments.</div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">     The following table presents revenues, operating income, capital expenditures and assets for the Company's reportable segments (in millions):</div> <table style="font-size: 10pt; text-align: left;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Six Months Ended</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>June 30,</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>June 30,</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Revenues:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Hotel</div></td> <td> </td> <td align="left">$</td> <td align="right">1,114</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,003</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,130</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,958</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Vacation ownership and residential</div></td> <td> </td> <td> </td> <td align="right">175</td> <td> </td> <td> </td> <td> </td> <td align="right">164</td> <td> </td> <td> </td> <td> </td> <td align="right">346</td> <td> </td> <td> </td> <td> </td> <td align="right">336</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> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 60px; text-indent: -15px;">Total</div></td> <td> </td> <td align="left">$</td> <td align="right">1,289</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,167</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,476</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,294</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 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" 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;">Operating income:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Hotel</div></td> <td> </td> <td align="left">$</td> <td align="right">151</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">112</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">245</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">199</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Vacation ownership and residential</div></td> <td> </td> <td> </td> <td align="right">27</td> <td> </td> <td> </td> <td> </td> <td align="right">22</td> <td> </td> <td> </td> <td> </td> <td align="right">52</td> <td> </td> <td> </td> <td> </td> <td align="right">43</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> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 60px; text-indent: -15px;">Total segment operating income</div></td> <td> </td> <td> </td> <td align="right">178</td> <td> </td> <td> </td> <td> </td> <td align="right">134</td> <td> </td> <td> </td> <td> </td> <td align="right">297</td> <td> </td> <td> </td> <td> </td> <td align="right">242</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 45px; text-indent: -15px;">Selling, general, administrative and other</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(42</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(30</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(76</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(60</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 45px; text-indent: -15px;">Restructuring and other special credits (charges), net</div></td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(22</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> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </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: 45px; text-indent: -15px;">Operating income</div></td> <td> </td> <td> </td> <td align="right">137</td> <td> </td> <td> </td> <td> </td> <td align="right">99</td> <td> </td> <td> </td> <td> </td> <td align="right">222</td> <td> </td> <td> </td> <td> </td> <td align="right">160</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 45px; text-indent: -15px;">Equity earnings (losses) and gains and (losses) from unconsolidated ventures, net:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 75px; text-indent: -15px;">Hotel</div></td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">2</td> <td> </td> <td> </td> <td> </td> <td align="right">5</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 75px; text-indent: -15px;">Vacation ownership and residential</div></td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td> <td> </td> <td> </td> <td align="right">1</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 45px; text-indent: -15px;">Interest expense, net</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(59</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(53</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(121</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(96</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 45px; text-indent: -15px;">Gain (loss) on asset dispositions and impairments, net</div></td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(21</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">21</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(26</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> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </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: 45px; text-indent: -15px;">Income from continuing operations before taxes and noncontrolling interests</div></td> <td> </td> <td align="left">$</td> <td align="right">101</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">28</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">128</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">36</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 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Capital expenditures:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Hotel</div></td> <td> </td> <td align="left">$</td> <td align="right">34</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">35</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">51</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">72</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Vacation ownership and residential</div></td> <td> </td> <td> </td> <td align="right">8</td> <td> </td> <td> </td> <td> </td> <td align="right">9</td> <td> </td> <td> </td> <td> </td> <td align="right">12</td> <td> </td> <td> </td> <td> </td> <td align="right">27</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Corporate</div></td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> <td> </td> <td> </td> <td align="right">6</td> <td> </td> <td> </td> <td> </td> <td align="right">7</td> <td> </td> <td> </td> <td> </td> <td align="right">13</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> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 60px; text-indent: -15px;">Total</div></td> <td> </td> <td align="left">$</td> <td align="right">46</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">50</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">70</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">112</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 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div> <div align="center"> <table style="font-size: 10pt; text-align: left;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>June 30,</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>December 31,</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Assets:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Hotel<sup style="font-size: 85%; vertical-align: text-top;">(a)</sup></div></td> <td> </td> <td align="left">$</td> <td align="right">5,845</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,924</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Vacation ownership and residential<sup style="font-size: 85%; vertical-align: text-top;">(b)</sup></div></td> <td> </td> <td> </td> <td align="right">2,084</td> <td> </td> <td> </td> <td> </td> <td align="right">1,639</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Corporate</div></td> <td> </td> <td> </td> <td align="right">1,184</td> <td> </td> <td> </td> <td> </td> <td align="right">1,198</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> <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: 45px; text-indent: -15px;">Total</div></td> <td> </td> <td align="left">$</td> <td align="right">9,113</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,761</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 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div> <div align="left"> <div style="border-top: #000000 1px solid; margin-top: 16pt; font-size: 3pt; width: 18%;"> </div></div> <table style="font-size: 10pt; text-align: left;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td width="3%"> </td> <td width="1%"> </td> <td width="96"> </td></tr> <tr valign="top"><td nowrap="nowrap" align="left">(a)</td> <td> </td> <td>Includes $282 million and $294 million of investments in unconsolidated joint ventures at June 30, 2010 and December 31, 2009, respectively.</td></tr> <tr style="font-size: 3pt;"><td> </td></tr> <tr valign="top"><td nowrap="nowrap" align="left">(b)</td> <td> </td> <td>Includes $27 million and $25 million of investments in unconsolidated joint ventures at June 30, 2010 and December 31, 2009, respectively.</td></tr></table> <div> </div> </div> Note 20. Business Segment Information      The Company has two operating segments: hotels and vacation ownership and residential. The false false false us-types:textBlockItemType textblock This element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 false 1 1 false UnKnown UnKnown UnKnown false true