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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income (loss) $ (173) $ 235
Adjustments to net income:    
Depreciation and amortization 135 142
Amortization of deferred gains (42) (44)
Non-cash portion of restructuring and other special charges (credits), net   7
(Gain) loss on asset dispositions and impairments, net 326 (14)
Stock-based compensation expense 26 26
Excess stock-based compensation tax benefit   (7)
Distributions in excess (deficit) of equity earnings (4) (12)
Deferred income tax expense (benefit) 16 33
Other non-cash adjustments to net income 21 (1)
Decrease (increase) in restricted cash (24) 55
Other changes in working capital (99) (92)
Securitized VOI notes receivable activity, net 23 38
Unsecuritized VOI notes receivable activity, net (38) (36)
Accrued income taxes and other 43 30
Cash from operating activities 210 360
Investing Activities    
Purchases of plant, property and equipment (64) (103)
Proceeds from asset sales, net 390 527
Acquisitions, net of acquired cash (65) (26)
Issuance of notes receivable, net (31) (12)
Distributions from investments, net 2 31
Other, net 33 2
Cash from investing activities 265 419
Financing Activities    
Commercial paper, net 244 (569)
Revolving credit facility and short-term borrowings, net   (4)
Long-term debt issued   10
Long-term debt repaid (22) (2)
Long-term securitized debt repaid (19) (41)
Dividends paid (131) (133)
Proceeds from employee stock option exercises 3 13
Excess stock-based compensation tax benefit   7
Share repurchases   (228)
Other, net (23) (24)
Cash from (used for) financing activities 52 (971)
Exchange rate effect on cash and cash equivalents   (8)
Increase in cash and cash equivalents 527 (200)
Cash and cash equivalents — beginning of period 1,048 935
Cash and cash equivalents — end of period 1,575 735
Cash paid during the period for:    
Interest 45 57
Income taxes, net of refunds $ 91 $ 60