2014 Q4 Form 10-K Financial Statement

#000158568915000032 Filed on February 18, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2013 Q3
Revenue $2.828B $2.643B $2.449B
YoY Change 7.0% 13.05% 1.32%
Cost Of Revenue $1.038B $972.0M $842.0M
YoY Change 6.79% 30.29% 2.93%
Gross Profit $1.790B $1.671B $1.607B
YoY Change 7.12% 4.96% 0.5%
Gross Profit Margin 63.3% 63.22% 65.62%
Selling, General & Admin $1.177B $1.434B $1.104B
YoY Change -17.92% 24.48% 0.18%
% of Gross Profit 65.75% 85.82% 68.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $158.0M $148.0M $146.0M
YoY Change 6.76% -5.13% 8.15%
% of Gross Profit 8.83% 8.86% 9.09%
Operating Expenses $1.335B $1.582B $1.250B
YoY Change -15.61% 20.95% 1.05%
Operating Profit $455.0M $89.00M $357.0M
YoY Change 411.24% -68.66% -1.38%
Interest Expense -$161.0M -$212.0M $127.0M
YoY Change -24.06% 34.18% -214.41%
% of Operating Profit -35.38% -238.2% 35.57%
Other Income/Expense, Net -$1.000M $2.000M -$1.000M
YoY Change -150.0% -71.43% 0.0%
Pretax Income $293.0M $108.0M $273.0M
YoY Change 171.3% -3.57% 17.17%
Income Tax $134.0M $46.00M $70.00M
% Of Pretax Income 45.73% 42.59% 25.64%
Net Earnings $158.0M $26.00M $200.0M
YoY Change 507.69% -57.38% 12.99%
Net Earnings / Revenue 5.59% 0.98% 8.17%
Basic Earnings Per Share $0.22
Diluted Earnings Per Share $480.7K $105.6K $0.22
COMMON SHARES
Basic Shares Outstanding 984.6M shares 921.0M shares
Diluted Shares Outstanding 921.0M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $566.0M $594.0M $724.0M
YoY Change -4.71% -21.32%
Cash & Equivalents $566.0M $594.0M $724.0M
Short-Term Investments
Other Short-Term Assets $90.00M $29.00M $773.0M
YoY Change 210.34% -96.46%
Inventory $404.0M $396.0M $386.0M
Prepaid Expenses $133.0M $148.0M
Receivables $844.0M $731.0M $813.0M
Other Receivables $260.0M $196.0M $121.0M
Total Short-Term Assets $2.499B $2.383B $2.817B
YoY Change 4.87% -15.71%
LONG-TERM ASSETS
Property, Plant & Equipment $7.483B $9.058B $9.058B
YoY Change -17.39% -1.51%
Goodwill $5.360B $6.220B
YoY Change -13.83% 0.37%
Intangibles $1.980B
YoY Change
Long-Term Investments $153.0M $245.0M $268.0M
YoY Change -37.55% -15.81%
Other Assets $356.0M $403.0M $341.0M
YoY Change -11.66% 10.11%
Total Long-Term Assets $23.63B $24.18B $23.91B
YoY Change -2.29% -0.25%
TOTAL ASSETS
Total Short-Term Assets $2.499B $2.383B $2.817B
Total Long-Term Assets $23.63B $24.18B $23.91B
Total Assets $26.13B $26.56B $26.73B
YoY Change -1.65% -1.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $299.0M $319.0M $1.940B
YoY Change -6.27% 11.54%
Accrued Expenses $980.0M $1.099B
YoY Change -10.83% 0.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $137.0M $52.00M $409.0M
YoY Change 163.46% -87.22%
Total Short-Term Liabilities $2.257B $2.142B $2.410B
YoY Change 5.37% -8.81%
LONG-TERM LIABILITIES
Long-Term Debt $11.56B $12.67B $14.58B
YoY Change -8.81% -18.71%
Other Long-Term Liabilities $1.168B $1.149B $2.150B
YoY Change 1.65% -43.29%
Total Long-Term Liabilities $1.168B $1.149B $16.73B
YoY Change 1.65% -93.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.257B $2.142B $2.410B
Total Long-Term Liabilities $1.168B $1.149B $16.73B
Total Liabilities $21.41B $22.29B $24.05B
YoY Change -3.93% -10.01%
SHAREHOLDERS EQUITY
Retained Earnings -$4.658B -$5.331B
YoY Change -12.62%
Common Stock $10.00M $10.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.752B $4.363B $2.679B
YoY Change
Total Liabilities & Shareholders Equity $26.13B $26.56B $26.73B
YoY Change -1.65% -1.86%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $158.0M $26.00M $200.0M
YoY Change 507.69% -57.38% 12.99%
Depreciation, Depletion And Amortization $158.0M $148.0M $146.0M
YoY Change 6.76% -5.13% 8.15%
Cash From Operating Activities $467.0M $1.077B $386.0M
YoY Change -56.64% 199.17% 19.88%
INVESTING ACTIVITIES
Capital Expenditures -$119.0M -$147.0M -$72.00M
YoY Change -19.05% 1.38% -38.46%
Acquisitions
YoY Change
Other Investing Activities $9.000M $17.00M $3.000M
YoY Change -47.06%
Cash From Investing Activities -$110.0M -$130.0M -$69.00M
YoY Change -15.38% -10.34% -41.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -327.0M -1.074B -255.0M
YoY Change -69.55% 215.88% 304.76%
NET CHANGE
Cash From Operating Activities 467.0M 1.077B 386.0M
Cash From Investing Activities -110.0M -130.0M -69.00M
Cash From Financing Activities -327.0M -1.074B -255.0M
Net Change In Cash 30.00M -127.0M 62.00M
YoY Change -123.62% 1.6% -56.34%
FREE CASH FLOW
Cash From Operating Activities $467.0M $1.077B $386.0M
Capital Expenditures -$119.0M -$147.0M -$72.00M
Free Cash Flow $586.0M $1.224B $458.0M
YoY Change -52.12% 142.38% 4.33%

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455000000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
1673000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3107000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
263000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
223000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
234000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
240000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
253000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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1894000000 USD
CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
161000000 USD
CY2013 us-gaap Operating Leases Rent Expense Contingent Rentals
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148000000 USD
CY2014 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
146000000 USD
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
286000000 USD
CY2013 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
271000000 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
293000000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
447000000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
419000000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
439000000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
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552000000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
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505000000 USD
CY2013Q4 us-gaap Other Assets Current
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29000000 USD
CY2014Q4 us-gaap Other Assets Current
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70000000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
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403000000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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356000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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89000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
127000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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6000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-9000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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4000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
138000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
94000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-299000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-102000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-39000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
73000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
97000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
160000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-353000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
83000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
142000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-358000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
41000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-60000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
45000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
23000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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27000000 USD
CY2013Q4 us-gaap Other Intangible Assets Net
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751000000 USD
CY2014Q4 us-gaap Other Intangible Assets Net
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674000000 USD
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1149000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
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1168000000 USD
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15000000 USD
CY2013 us-gaap Other Nonoperating Income Expense
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7000000 USD
CY2014 us-gaap Other Nonoperating Income Expense
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37000000 USD
CY2012 us-gaap Other Operating Activities Cash Flow Statement
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57000000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
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-21000000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
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47000000 USD
CY2013Q4 us-gaap Other Sundry Liabilities Noncurrent
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74000000 USD
CY2014Q4 us-gaap Other Sundry Liabilities Noncurrent
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85000000 USD
CY2012 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
37000000 USD
CY2013 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
36000000 USD
CY2014 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
43000000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
180000000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9000000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
30000000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
31000000 USD
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
44000000 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
65000000 USD
CY2012 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
3000000 USD
CY2013 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
4000000 USD
CY2014 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
9000000 USD
CY2012 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4000000 USD
CY2013 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
10000000 USD
CY2014 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
1000000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
433000000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
254000000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
268000000 USD
CY2012 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
103000000 USD
CY2013 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
78000000 USD
CY2014 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
69000000 USD
CY2012 us-gaap Payments To Minority Shareholders
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4000000 USD
CY2013 us-gaap Payments To Minority Shareholders
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4000000 USD
CY2014 us-gaap Payments To Minority Shareholders
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5000000 USD
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0.01
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Preferred Stock Value
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CY2013Q4 us-gaap Prepaid Expense Current
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148000000 USD
CY2014Q4 us-gaap Prepaid Expense Current
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133000000 USD
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8000000 USD
CY2013 us-gaap Proceeds From Collection Of Notes Receivable
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5000000 USD
CY2014 us-gaap Proceeds From Collection Of Notes Receivable
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20000000 USD
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0 USD
CY2013 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
350000000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2012 us-gaap Proceeds From Payments To Minority Shareholders
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CY2014 us-gaap Proceeds From Contributed Capital
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13000000 USD
CY2012 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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8000000 USD
CY2013 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
33000000 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
38000000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1243000000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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96000000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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14088000000 USD
CY2013 us-gaap Proceeds From Payments To Minority Shareholders
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0 USD
CY2014 us-gaap Proceeds From Payments To Minority Shareholders
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0 USD
CY2012 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
187000000 USD
CY2013 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
193000000 USD
CY2014 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
5000000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
44000000 USD
CY2012 us-gaap Profit Loss
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359000000 USD
CY2013Q1 us-gaap Profit Loss
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38000000 USD
CY2013Q2 us-gaap Profit Loss
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157000000 USD
CY2013Q3 us-gaap Profit Loss
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203000000 USD
CY2013Q4 us-gaap Profit Loss
ProfitLoss
62000000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
460000000 USD
CY2014Q1 us-gaap Profit Loss
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124000000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
212000000 USD
CY2014Q3 us-gaap Profit Loss
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187000000 USD
CY2014Q4 us-gaap Profit Loss
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159000000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
682000000 USD
CY2014Q3 us-gaap Property Plant And Equipment Fair Value Disclosure
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144000000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
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CY2014Q4 us-gaap Property Plant And Equipment Gross
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CY2014Q4 us-gaap Property Plant And Equipment Net
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7483000000 USD
CY2012 us-gaap Provision For Loan Losses Expensed
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29000000 USD
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24000000 USD
CY2014 us-gaap Provision For Loan Losses Expensed
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34000000 USD
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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3000000 USD
CY2012 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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6000000 USD
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2014 us-gaap Stock Granted During Period Value Sharebased Compensation
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CY2013 us-gaap Stock Issued During Period Value New Issues
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CY2013Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
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266000000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
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202000000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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266000000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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202000000 USD
CY2013 us-gaap Repayments Of Debt And Capital Lease Obligations
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17203000000 USD
CY2014 us-gaap Repayments Of Debt And Capital Lease Obligations
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1424000000 USD
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CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2012 us-gaap Revenue From Owned Hotels
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3979000000 USD
CY2013 us-gaap Revenue From Owned Hotels
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4046000000 USD
CY2014 us-gaap Revenue From Owned Hotels
RevenueFromOwnedHotels
4239000000 USD
CY2012 us-gaap Revenues
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9276000000 USD
CY2013Q1 us-gaap Revenues
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2263000000 USD
CY2013Q2 us-gaap Revenues
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2380000000 USD
CY2013Q3 us-gaap Revenues
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CY2013Q4 us-gaap Revenues
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2643000000 USD
CY2013 us-gaap Revenues
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CY2014Q1 us-gaap Revenues
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2363000000 USD
CY2014Q2 us-gaap Revenues
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2667000000 USD
CY2014Q3 us-gaap Revenues
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2644000000 USD
CY2014Q4 us-gaap Revenues
Revenues
2828000000 USD
CY2014 us-gaap Revenues
Revenues
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CY2013Q4 us-gaap Self Insurance Reserve Current
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52000000 USD
CY2014Q4 us-gaap Self Insurance Reserve Current
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82000000 USD
CY2013Q4 us-gaap Self Insurance Reserve Noncurrent
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81000000 USD
CY2014Q4 us-gaap Self Insurance Reserve Noncurrent
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83000000 USD
CY2012 us-gaap Share Based Compensation
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50000000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
262000000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
78000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
19500 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.00
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
17463 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
21.53
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1003591 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.00
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.53
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
21.53
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0 shares
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
986128 shares
CY2014Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
23000000 USD
CY2012 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2000000 USD
CY2013 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
262000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1702000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2155000000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4276000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4714000000 USD
CY2013 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
9,205,128-for-1
CY2012 us-gaap Time Share Costs
TimeShareCosts
758000000 USD
CY2013 us-gaap Time Share Costs
TimeShareCosts
730000000 USD
CY2014 us-gaap Time Share Costs
TimeShareCosts
767000000 USD
CY2012 us-gaap Time Share Revenue
TimeShareRevenue
1085000000 USD
CY2013 us-gaap Time Share Revenue
TimeShareRevenue
1109000000 USD
CY2014 us-gaap Time Share Revenue
TimeShareRevenue
1171000000 USD
CY2011Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
97000000 USD
CY2012Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
93000000 USD
CY2013Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
92000000 USD
CY2014Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
96000000 USD
CY2012 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
33000000 USD
CY2013 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
25000000 USD
CY2014 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
30000000 USD
CY2014 us-gaap Time Sharing Transactions Stated Interest Rates For Notes Receivable Maximum
TimeSharingTransactionsStatedInterestRatesForNotesReceivableMaximum
0.2050 Rate
CY2014 us-gaap Time Sharing Transactions Stated Interest Rates For Notes Receivable Minimum
TimeSharingTransactionsStatedInterestRatesForNotesReceivableMinimum
0.0000 Rate
CY2014 us-gaap Time Sharing Transactions Weighted Average Of Stated Interest Rates For Notes Receivable1
TimeSharingTransactionsWeightedAverageOfStatedInterestRatesForNotesReceivable1
0.1215 Rate
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
436000000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
469000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
435000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
401000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
3000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
23000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
63000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
14000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
35000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
1000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
45000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
22000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
8000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
4000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
8000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
-1000000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
71000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
25000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
340000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
367000000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
5000000 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
583000000 USD
CY2014Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
788000000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
921000000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
923000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
986000000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
921000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
923000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
985000000 shares
CY2014 us-gaap Revenue Recognition Loyalty Programs
RevenueRecognitionLoyaltyPrograms
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Hilton HHonors</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Hilton HHonors is a guest loyalty program provided to hotels. Most of our owned, leased, managed and franchised hotels and timeshare properties participate in the Hilton HHonors program. Hilton HHonors members earn points based on their spending at our participating hotel and timeshare properties and through participation in affiliated partner programs. When points are earned by Hilton HHonors members, the property or affiliated partner pays Hilton HHonors based on an estimated cost per point for the costs of operating the program, which include marketing, promotion, communication, administration and the estimated cost of award redemptions. Hilton HHonors member points are accumulated and may be redeemed for certificates that entitle the holder to the right to stay at participating properties, as well as other opportunities with third parties, including, but not limited to, airlines, car rentals, cruises, vacation packages, shopping and dining. We provide Hilton HHonors as a marketing program to participating hotels, with the objective of operating the program on a break-even basis to us.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Hilton HHonors defers revenue received from participating hotels and program partners in an amount equal to the estimated cost per point of the future redemption obligation. We engage outside actuaries to assist in determining the fair value of the future award redemption obligation using statistical formulas that project future point redemptions based on factors that include historical experience, an estimate of "breakage" (points that will never be redeemed), an estimate of the points that will eventually be redeemed and the cost of reimbursing hotels and other third parties in respect to other redemption opportunities available to members. Revenue is recognized by participating hotels and resorts only when points that have been redeemed for hotel stay certificates are used by members or their designees at the respective properties. Additionally, when members of the Hilton HHonors loyalty program redeem award certificates at our owned and leased hotels, we recognize room revenue, included in owned and leased hotels revenues in our consolidated statements of operations.</font></div></div>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with United States of America ("U.S.") generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported and, accordingly, ultimate results could differ from those estimates.</font></div></div>

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