NOTES PAYABLE AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2011

NOTES PAYABLE AND LONG-TERM DEBT [Abstract]

Notes Payable and Long-Term Debt

 At December 31, 2011 and 2010, notes payable and long-term debt consisted of the following (in millions):

	2011			2010
Revolving Credit loans,  (1.29% for 2011 and 0.64% for 2010)	$	173		$	108
Title XI Bonds:
5.27%, payable through 2029, secured by MV Maunawili		40			42
5.34%, payable through 2028, secured by MV Manukai		37			40
Term Loans:
6.90%, payable through 2020		100			100
4.79%, payable through 2020, secured by MV Manulani		60			66
5.55%, payable through 2017		50			50
5.53%, payable through 2016		42			50
5.56%, payable through 2016		25			25
4.10%, payable through 2012		4			12
6.20%, payable through 2013, secured by Deere Valley Center		10			11
6.38%, payable through 2017, secured by Midstate 99 Distribution Ctr.		8			8
5.50%, payable through 2014, secured by Little Cottonwood Center		6			6
5.88%, payable through 2014, secured by Midstate 99 Distribution Ctr.		3			3
0.00%, payable through 2012		1			1
Total debt		559			522
Less current portion		(52	)		(136	)
Long-term debt	$	507		$	386