$VAC
MARRIOTT VACATIONS WORLDWIDE Corp

2012 Q4 Form 10-K Financial Statement

#000119312513070988 Filed on February 22, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $499.0M $1.639B $484.0M
YoY Change 3.1% 0.92% 1.04%
Cost Of Revenue $519.0M $1.603B $459.0M
YoY Change 13.07% -12.55% 85.83%
Gross Profit -$20.00M $36.00M $25.00M
YoY Change -180.0% -117.22% -89.22%
Gross Profit Margin -4.01% 2.2% 5.17%
Selling, General & Admin $212.0M $415.0M $217.0M
YoY Change -2.3% -1.66% 9.05%
% of Gross Profit 1152.78% 868.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.000M $30.00M $10.00M
YoY Change -10.0% -9.09% -9.09%
% of Gross Profit 83.33% 40.0%
Operating Expenses $212.0M $415.0M $217.0M
YoY Change -2.3% -1.66% 9.05%
Operating Profit -$232.0M -$379.0M -$192.0M
YoY Change 20.83% -39.94% -681.82%
Interest Expense -$14.00M $58.00M -$15.00M
YoY Change -6.67% 23.4% 275.0%
% of Operating Profit
Other Income/Expense, Net $9.000M $9.000M
YoY Change 350.0%
Pretax Income -$11.00M $31.00M $27.00M
YoY Change -140.74% -114.29% -20.59%
Income Tax $1.000M $24.00M $19.00M
% Of Pretax Income 77.42% 70.37%
Net Earnings -$7.000M $7.000M $8.000M
YoY Change -187.5% -104.07% -55.56%
Net Earnings / Revenue -1.4% 0.43% 1.65%
Basic Earnings Per Share -$0.22 $0.19 $0.24
Diluted Earnings Per Share -$0.22 $0.18 $0.23
COMMON SHARES
Basic Shares Outstanding 34.52M shares 34.40M shares
Diluted Shares Outstanding 36.20M shares 34.20M shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $103.0M $103.0M $110.0M
YoY Change -6.36% -6.36% 323.08%
Cash & Equivalents $102.9M $103.0M $110.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $888.0M $888.0M $959.0M
Prepaid Expenses
Receivables $100.0M $100.0M $105.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.091B $1.091B $1.174B
YoY Change -7.07% -7.07% -23.67%
LONG-TERM ASSETS
Property, Plant & Equipment $261.0M $261.0M $285.0M
YoY Change -8.42% -8.42% -8.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $68.00M $68.00M $81.00M
YoY Change -16.05% -16.05% -79.7%
Total Long-Term Assets $1.522B $1.522B $1.671B
YoY Change -8.92% -8.97% -20.58%
TOTAL ASSETS
Total Short-Term Assets $1.091B $1.091B $1.174B
Total Long-Term Assets $1.522B $1.522B $1.671B
Total Assets $2.613B $2.613B $2.845B
YoY Change -8.15% -8.19% -21.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.0M $113.0M $145.0M
YoY Change -22.07% -22.07% 66.67%
Accrued Expenses $263.0M $263.0M $176.0M
YoY Change 49.43% 49.43% 7.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $850.0M
YoY Change -100.0% -100.0% -16.83%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $408.0M $408.0M $1.200B
YoY Change -66.0% -66.0% -9.71%
LONG-TERM LIABILITIES
Long-Term Debt $718.0M $718.0M $40.00M
YoY Change 1695.0% 1695.0%
Other Long-Term Liabilities $306.0M $306.0M $472.0M
YoY Change -35.17% -35.17% 15.4%
Total Long-Term Liabilities $1.024B $1.024B $512.0M
YoY Change 100.0% 100.0% 25.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $408.0M $408.0M $1.200B
Total Long-Term Liabilities $1.024B $1.024B $512.0M
Total Liabilities $1.474B $1.474B $1.711B
YoY Change -13.85% -13.9% -1.55%
SHAREHOLDERS EQUITY
Retained Earnings $2.000M -$2.000M
YoY Change -200.0%
Common Stock $1.116B $1.117B
YoY Change -0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $1.138B $1.139B $1.131B
YoY Change
Total Liabilities & Shareholders Equity $2.613B $2.613B $2.845B
YoY Change -8.15% -8.19% -21.88%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income -$7.000M $7.000M $8.000M
YoY Change -187.5% -104.07% -55.56%
Depreciation, Depletion And Amortization $9.000M $30.00M $10.00M
YoY Change -10.0% -9.09% -9.09%
Cash From Operating Activities $5.000M $163.0M $73.00M
YoY Change -93.15% -49.22% 87.18%
INVESTING ACTIVITIES
Capital Expenditures -$6.000M $17.00M -$4.000M
YoY Change 50.0% 13.33% -33.33%
Acquisitions
YoY Change
Other Investing Activities $8.000M $20.00M $3.000M
YoY Change 166.67% -16.67% -95.24%
Cash From Investing Activities $2.000M $3.000M -$1.000M
YoY Change -300.0% -66.67% -101.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -116.0M -172.0M 13.00M
YoY Change -992.31% -30.08% -111.93%
NET CHANGE
Cash From Operating Activities 5.000M 163.0M 73.00M
Cash From Investing Activities 2.000M 3.000M -1.000M
Cash From Financing Activities -116.0M -172.0M 13.00M
Net Change In Cash -109.0M -6.000M 85.00M
YoY Change -228.24% -107.14% -753.85%
FREE CASH FLOW
Cash From Operating Activities $5.000M $163.0M $73.00M
Capital Expenditures -$6.000M $17.00M -$4.000M
Free Cash Flow $11.00M $146.0M $77.00M
YoY Change -85.71% -52.29% 71.11%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 vac Spin Off Transaction And Distribution Of Common Stock Percentage
SpinOffTransactionAndDistributionOfCommonStockPercentage
1.00 pure
CY2011Q4 vac Spinoff Distribution Ratio Spinnee Shares Received
SpinoffDistributionRatioSpinneeSharesReceived
1 shares
CY2011Q4 vac Spinoff Distribution Ratio Spinnor Shares Held
SpinoffDistributionRatioSpinnorSharesHeld
10 shares
CY2011Q4 vac Stockholders Equity Note Spinoff Transaction Amount
StockholdersEquityNoteSpinoffTransactionAmount
500000000
CY2012Q4 us-gaap Significant Acquisitions And Disposals Acquisition Costs Or Sale Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds
34000000
CY2012Q4 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Three
TimeSharingTransactionsMaturitiesOfNotesReceivableYearThree
143000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
10000000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
104000000
CY2012Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
678000000
CY2012Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
204000000
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
604000000
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
128000000
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1116000000
CY2012Q4 us-gaap Significant Acquisitions And Disposals Gain Loss On Sale Or Disposal Pretax
SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax
8000000
CY2012Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
42000000
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
49000000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-43000000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
111000000
CY2012Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
113000000
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1151000000
CY2012Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
181000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7000000
CY2012Q4 us-gaap Other Assets
OtherAssets
135000000
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
763000000
CY2012Q4 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Four
TimeSharingTransactionsMaturitiesOfNotesReceivableYearFour
132000000
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14000000
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
43000000
CY2012Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
9000000
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
4000000
CY2012Q4 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Net
TimeSharingTransactionsMaturitiesOfNotesReceivableNet
1056000000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
78000000
CY2012Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
-1000000
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2012Q4 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Future Years
TimeSharingTransactionsMaturitiesOfNotesReceivableFutureYears
339000000
CY2012Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
58000000
CY2012Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
117000000
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
171000000
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
68000000
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4000000
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35026533 shares
CY2012Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
147000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
9000000
CY2012Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
120000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
9000000
CY2012Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
55000000
CY2012Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1056000000
CY2012Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
675000000
CY2012Q4 us-gaap Liabilities
Liabilities
1453000000
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
35000000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
26000000
CY2012Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
40000000
CY2012Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1086000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
7000000
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14000000
CY2012Q4 us-gaap Assets
Assets
2604000000
CY2012Q4 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Five
TimeSharingTransactionsMaturitiesOfNotesReceivableYearFive
118000000
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2604000000
CY2012Q4 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year One
TimeSharingTransactionsMaturitiesOfNotesReceivableYearOne
174000000
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
38000000
CY2012Q4 us-gaap Minority Interest
MinorityInterest
0
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103000000
CY2012Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
82000000
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35026533 shares
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
106000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
55000000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
21000000
CY2012Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6000000
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
13000000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
2000000
CY2012Q4 us-gaap Deferred Revenue
DeferredRevenue
32000000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
CY2012Q4 us-gaap Time Sharing Transactions Maturities Of Notes Receivable Year Two
TimeSharingTransactionsMaturitiesOfNotesReceivableYearTwo
150000000
CY2012Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
45000000
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
103000000
CY2012Q4 us-gaap Land
Land
145000000
CY2012Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
484000000
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
176000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
97000000
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
343000000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
261000000
CY2012Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
38000000
CY2012Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
84000000
CY2012Q4 vac Financing Receivable Recorded Investment Greater Than One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentGreaterThanOneHundredFiftyDaysPastDue
69000000
CY2012Q4 vac Financing Receivable Recorded Investment Thirty One To Ninety Days Past Due
FinancingReceivableRecordedInvestmentThirtyOneToNinetyDaysPastDue
33000000
CY2012Q4 vac Financing Receivable Recorded Investment Ninety One To One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentNinetyOneToOneHundredFiftyDaysPastDue
15000000
CY2012Q4 vac Information Technology Assets Gross
InformationTechnologyAssetsGross
188000000
CY2012Q4 vac Financing Receivable Recorded Investment Before Reserves
FinancingReceivableRecordedInvestmentBeforeReserves
1203000000
CY2012Q4 vac Surety Bonds
SuretyBonds
91000000
CY2012Q4 vac Inventory Land And Infrastructure
InventoryLandAndInfrastructure
270000000
CY2012Q4 vac Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
6000000
CY2012Q4 vac Operating Supplies And Inventories
OperatingSuppliesAndInventories
7000000
CY2012Q4 vac Accounts And Contracts Receivable Net
AccountsAndContractsReceivableNet
100000000
CY2012Q4 vac Liability For Rewards Loyalty Program Current And Noncurrent
LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent
159000000
CY2012Q4 vac Number Of Consolidated Notes Receivable Pools
NumberOfConsolidatedNotesReceivablePools
8 Loan
CY2012Q4 vac Number Of Properties
NumberOfProperties
64 Property
CY2012Q4 vac Financing Receivable Term
FinancingReceivableTerm
P10Y
CY2012Q4 vac Notes Receivable Estimated Average Default Rates
NotesReceivableEstimatedAverageDefaultRates
0.0742 pure
CY2012Q4 vac Notes Receivable Weighted Average Interest Rate
NotesReceivableWeightedAverageInterestRate
0.125 pure
CY2012Q4 vac Notes Receivable Range Of Stated Interest Rates Maximum
NotesReceivableRangeOfStatedInterestRatesMaximum
0.195 pure
CY2012Q4 vac Notes Receivable Range Of Stated Interest Rates Minimum
NotesReceivableRangeOfStatedInterestRatesMinimum
0.000 pure
CY2012Q4 vac Inventory Timeshare
InventoryTimeshare
881000000
CY2012Q4 vac Result Of Increase In Estimated Default Rate
ResultOfIncreaseInEstimatedDefaultRate
0.005 pure
CY2012Q4 vac Inventory Timeshare Gross
InventoryTimeshareGross
874000000
CY2012Q4 vac Additional Land Lease Payments
AdditionalLandLeasePayments
7000000
CY2012Q4 vac Loan Payments Delinquency Period Beyond Which Loan Is Considered Defaulted
LoanPaymentsDelinquencyPeriodBeyondWhichLoanIsConsideredDefaulted
P150D
CY2012Q4 vac Deferred Tax Liabilities Rewards Loyalty Program
DeferredTaxLiabilitiesRewardsLoyaltyProgram
-10000000
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
2082000000
CY2009Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
27000000
CY2012Q4 vac Non Defaulted Notes Receivable Repurchased
NonDefaultedNotesReceivableRepurchased
86000000
CY2012Q4 vac Deferred Tax Deferred Vacation Ownership Interests Sales
DeferredTaxDeferredVacationOwnershipInterestsSales
34000000
CY2012Q4 vac Significant Acquisitions And Disposals Cash Paid Into Escrow
SignificantAcquisitionsAndDisposalsCashPaidIntoEscrow
7000000
CY2012Q4 vac Significant Acquisitions And Disposal Deposits
SignificantAcquisitionsAndDisposalDeposits
11000000
CY2012Q4 vac Significant Acquisitions And Disposals Purchase Price
SignificantAcquisitionsAndDisposalsPurchasePrice
18000000
CY2012Q4 vac Significant Acquisitions And Disposals Acquisition Liabilities Transferred
SignificantAcquisitionsAndDisposalsAcquisitionLiabilitiesTransferred
29000000
CY2012Q4 vac Fair Value Of Inventory Acquired In Connection With Litigation Settlement
FairValueOfInventoryAcquiredInConnectionWithLitigationSettlement
13000000
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
35147079 shares
CY2012Q2 dei Entity Public Float
EntityPublicFloat
825610327
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32000000
CY2009Q4 vac Significant Acquisitions And Disposal Deposits
SignificantAcquisitionsAndDisposalDeposits
11000000
CY2010Q4 us-gaap Significant Acquisitions And Disposals Gain Loss On Sale Or Disposal Pretax
SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax
21000000
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
1904000000
CY2010Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
218000000
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1000000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26000000
CY2010Q4 vac Non Defaulted Notes Receivable Repurchased
NonDefaultedNotesReceivableRepurchased
25000000
CY2010Q4 vac Significant Acquisitions And Disposals Purchase Price
SignificantAcquisitionsAndDisposalsPurchasePrice
111000000
CY2011Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
850000000
CY2011Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
227000000
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
659000000
CY2011Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
106000000
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1117000000
CY2011Q4 us-gaap Significant Acquisitions And Disposals Gain Loss On Sale Or Disposal Pretax
SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax
2000000
CY2011Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
46000000
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
53000000
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-78000000
CY2011Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
145000000
CY2011Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1134000000
CY2011Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
121000000
CY2011Q4 us-gaap Other Assets
OtherAssets
157000000
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2011Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
19000000
CY2011Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
78000000
CY2011Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
9000000
CY2011Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
5000000
CY2011Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
6000000
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2011Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
72000000
CY2011Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
136000000
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
184000000
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
81000000
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5000000
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33845700 shares
CY2011Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
171000000
CY2011Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
215000000
CY2011Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
58000000
CY2011Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1149000000
CY2011Q4 us-gaap Liabilities
Liabilities
1711000000
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2000000
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27000000
CY2011Q4 us-gaap Deferred Tax Liabilities Deferred Expense Reserves And Accruals
DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
43000000
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
25000000
CY2011Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
40000000
CY2011Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1184000000
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2000000
CY2011Q4 us-gaap Assets
Assets
2845000000
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2845000000
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
76000000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110000000
CY2011Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
55000000
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
33845700 shares
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
19000000
CY2011Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
21000000
CY2011Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
2000000
CY2011Q4 us-gaap Deferred Revenue
DeferredRevenue
28000000
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
CY2011Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
47000000
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Land
Land
152000000
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
448000000
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
374000000
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
285000000
CY2011Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
35000000
CY2011Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
101000000
CY2011Q4 vac Financing Receivable Recorded Investment Greater Than One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentGreaterThanOneHundredFiftyDaysPastDue
82000000
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5000000
CY2012 us-gaap Service Management Costs
ServiceManagementCosts
199000000
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2011Q4 vac Financing Receivable Recorded Investment Thirty One To Ninety Days Past Due
FinancingReceivableRecordedInvestmentThirtyOneToNinetyDaysPastDue
35000000
CY2011Q4 vac Financing Receivable Recorded Investment Ninety One To One Hundred Fifty Days Past Due
FinancingReceivableRecordedInvestmentNinetyOneToOneHundredFiftyDaysPastDue
19000000
CY2011Q4 vac Information Technology Assets Gross
InformationTechnologyAssetsGross
199000000
CY2011Q4 vac Financing Receivable Recorded Investment Before Reserves
FinancingReceivableRecordedInvestmentBeforeReserves
1320000000
CY2011Q4 vac Inventory Land And Infrastructure
InventoryLandAndInfrastructure
290000000
CY2011Q4 vac Deferred Tax Assets Liabilities Gross
DeferredTaxAssetsLiabilitiesGross
-25000000
CY2011Q4 vac Operating Supplies And Inventories
OperatingSuppliesAndInventories
6000000
CY2011Q4 vac Accounts And Contracts Receivable Net
AccountsAndContractsReceivableNet
104000000
CY2011Q4 vac Liability For Rewards Loyalty Program Current And Noncurrent
LiabilityForRewardsLoyaltyProgramCurrentAndNoncurrent
225000000
CY2011Q4 vac Notes Receivable Estimated Average Default Rates
NotesReceivableEstimatedAverageDefaultRates
0.0771 pure
CY2011Q4 vac Inventory Timeshare
InventoryTimeshare
959000000
CY2011Q4 vac Inventory Timeshare Gross
InventoryTimeshareGross
953000000
CY2011Q4 vac Non Defaulted Notes Receivable Repurchased
NonDefaultedNotesReceivableRepurchased
24000000
CY2011Q4 vac Deferred Tax Assets Financing
DeferredTaxAssetsFinancing
4000000
CY2012 dei Trading Symbol
TradingSymbol
VAC
CY2012 dei Entity Registrant Name
EntityRegistrantName
MARRIOTT VACATIONS WORLDWIDE CORPCORP
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-28
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001524358
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
1623000000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0103 pure
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20000000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18000000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
71000000
CY2012 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Multiple-Element Transactions</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">From time to time, we enter into transactions involving multiple elements. We analyze contracts with multiple elements under the accounting guidance for revenue recognition in multiple-element arrangements. If we enter into transactions for the sale of multiple products or services, we evaluate whether the delivered elements have value to the customer on a stand-alone basis, and whether there is objective and reliable evidence of fair value for each undelivered element in the transaction. If these criteria are met, then we account for each deliverable in the transaction separately. We generally recognize revenue for undelivered elements on a straight-line basis over the contractual performance period for time-based elements or upon delivery to the customer. If we are unable to determine the fair value of one or more undelivered elements in the transaction, we recognize the revenue on a straight-line basis over the period in which the last deliverable is provided to the customer.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Multiple-element transactions require judgment to determine the selling price or fair value of the different elements. The judgments impact the amount of revenue and expenses recognized over the term of the contract, as well as the period in which they are recognized.</font></p> </div>
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
12000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0547 pure
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.0903 pure
CY2012 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
67000000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
21000000
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-12000000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-43000000
CY2012 us-gaap Profit Loss
ProfitLoss
16000000
CY2012 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
42000000
CY2012 us-gaap Pension Expense
PensionExpense
5000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-8000000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
62000000
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.5754 pure
CY2012 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-311000000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2012 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
4000000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9000000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
163000000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3000000
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7000000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
68000000
CY2012 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-42000000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6000000
CY2012 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-262000000
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4000000
CY2012 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
-64000000
CY2012 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Valuation of Property and Equipment</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Property and equipment includes our sales centers, golf courses, information technology and other assets used in the normal course of business, as well as land parcels that are not part of an approved development plan and do not meet the criteria to be classified as held for sale. We test long-lived asset groups for recoverability when changes in circumstances indicate the carrying value may not be recoverable, for example, when there are material adverse changes in projected revenues or expenses, significant underperformance relative to historical or projected operating results, and significant negative industry or economic trends. We also perform a test for recoverability when management has committed to a plan to sell or otherwise dispose of an asset group and we expect the plan will be completed within a year. We evaluate recoverability of an asset group by comparing its carrying value to the future net undiscounted cash flows that we expect will be generated by the asset group. If the comparison indicates that the carrying value of an asset group is not recoverable, we recognize an impairment loss for the excess of carrying value over the estimated fair value. When we recognize an impairment loss for assets to be held and used, we depreciate the adjusted carrying amount of those assets over their remaining useful life. Refer to Footnote No.&#xA0;8, &#x201C;Property and Equipment,&#x201D; for additional information.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">For information on impairment losses that we recorded associated with long-lived assets, see Footnote No.&#xA0;16, &#x201C;Impairment Charges.&#x201D;</font></p> </div>
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15000000
CY2012 us-gaap Management Fees Revenue
ManagementFeesRevenue
253000000
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0399 pure
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17000000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-7000000
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
27000000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
86000000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-24000000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
2000000
CY2012 us-gaap Royalty Expense
RoyaltyExpense
61000000
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36200000 shares
CY2012 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
9000000
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
1648000000
CY2012 us-gaap Time Share Revenue
TimeShareRevenue
627000000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2000000
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
330000000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2000000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-172000000
CY2012 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-2000000
CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
5000000
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
1623000000
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
10000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0601 pure
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3000000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.543 pure
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
45000000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34400000 shares
CY2012 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 Segment
CY2012 us-gaap Financial Services Costs
FinancialServicesCosts
26000000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-68000000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9000000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15000000
CY2012 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
238000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4000000
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000
CY2012 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-21000000
CY2012 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1000000
CY2012 us-gaap Revenues
Revenues
1648000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0887 pure
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
8000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37000000
CY2012 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
We have joined in the Marriott International U.S. Federal tax consolidated filing for all years prior to 2011 and the portion of 2011 up to the date of the Spin-Off. The IRS has examined Marriott International's federal income tax returns, and it has settled all issues for the tax years through 2009. Marriott International participated in the IRS Compliance Assurance Program for the 2011 and 2010 tax years.
CY2012 us-gaap Depreciation
Depreciation
30000000
CY2012 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-2000000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2012 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
3000000
CY2012 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14000000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-50000000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1000000
CY2012 us-gaap Reimbursement Revenue
ReimbursementRevenue
362000000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
16000000
CY2012 us-gaap Financial Services Revenue
FinancialServicesRevenue
151000000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3000000
CY2012 us-gaap Interest Paid Net
InterestPaidNet
38000000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21000000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1000000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2000000
CY2012 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
362000000
CY2012 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
1000000
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
411000000
CY2012 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
66000000
CY2012 us-gaap Interest Expense
InterestExpense
58000000
CY2012 vac Revenue Other
RevenueOther
30000000
CY2012 vac Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
-50000000
CY2012 vac Defaulted Mortgage Loans Repurchased
DefaultedMortgageLoansRepurchased
39000000
CY2012 vac Income Tax Holiday Tax Savings
IncomeTaxHolidayTaxSavings
3000000
CY2012 vac Rental Revenue
RentalRevenue
225000000
CY2012 vac Rental Expenses
RentalExpenses
225000000
CY2012 vac Impairment Reversal On Equity Investment
ImpairmentReversalOnEquityInvestment
2000000
CY2012 vac Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
800000 shares
CY2012 vac Incremental Common Shares Attributable To Stock Option And Stock Appreciation Right Plans
IncrementalCommonSharesAttributableToStockOptionAndStockAppreciationRightPlans
1000000 shares
CY2012 vac Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2013
CY2012 vac Income Tax Holiday Termination Year
IncomeTaxHolidayTerminationYear
2034
CY2012 vac Number Of Notes Receivable Pools Under Performance Triggers
NumberOfNotesReceivablePoolsUnderPerformanceTriggers
4 Loan
CY2012 vac Number Of Sources Of Revenues
NumberOfSourcesOfRevenues
4 Line
CY2012 vac Payment Period
PaymentPeriod
P30D
CY2012 vac Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividends Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendsPerShare
0
CY2012 vac Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
6000000
CY2012 vac Percentage Of Down Payments To Total Purchase Price Of Property
PercentageOfDownPaymentsToTotalPurchasePriceOfProperty
0.10 pure
CY2012 vac Vacation Time Share Product Costs
VacationTimeShareProductCosts
205000000
CY2012 vac Interest On Notes Receivable
InterestOnNotesReceivable
145000000
CY2012 vac Past Due Period
PastDuePeriod
P30D
CY2012 vac Number Of Weeks In Fiscal Years
NumberOfWeeksInFiscalYears
52 weeks
CY2012 vac Organizational And Separation Related Charges
OrganizationalAndSeparationRelatedCharges
16000000
CY2012 vac Stock Based Compensation Stock Options Granted
StockBasedCompensationStockOptionsGranted
0 shares
CY2012 vac Period Of Payment
PeriodOfPayment
P120D
CY2012 vac Capitalized Salaries And Related Costs
CapitalizedSalariesAndRelatedCosts
8000000
CY2012 vac Past Due Loan Suspend Accrual Of Interest Period
PastDueLoanSuspendAccrualOfInterestPeriod
P90D
CY2012 vac Litigation Settlement
LitigationSettlement
41000000
CY2012 vac Capitalized Organizational And Separation Related Costs
CapitalizedOrganizationalAndSeparationRelatedCosts
2000000
CY2012 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
30000000
CY2012 vac Employee Service Share Based Compensation Tax Benefit From Compensation Expense Or Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseOrRealizedFromExerciseOfStockOptions
3000000
CY2012 vac Effective Income Tax Rate Reconciliation Return To Provision Differential
EffectiveIncomeTaxRateReconciliationReturnToProvisionDifferential
-0.1083 pure
CY2012 vac Significant Acquisitions And Disposals Acquisition Cash Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds
5000000
CY2012 vac Annual Rate Of Return Edc
AnnualRateOfReturnEdc
0.054 pure
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
1833000000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0138 pure
CY2011 us-gaap Service Management Costs
ServiceManagementCosts
198000000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3000000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-187000000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
21000000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2011 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
20000000
CY2011 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1000000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
11000000
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.29
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.0017 pure
CY2011 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
63000000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
48000000
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
15000000
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19000000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-55000000
CY2011 us-gaap Profit Loss
ProfitLoss
-178000000
CY2011 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
37000000
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
-1000000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-85000000
CY2011 us-gaap Pension Expense
PensionExpense
6000000
CY2011 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
2000000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
10000000
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.1679 pure
CY2011 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-322000000
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
321000000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9000000
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10000000
CY2011 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-38000000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-6000000
CY2011 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-256000000
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-28000000
CY2011 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
5000000
CY2011 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1000000
CY2011 us-gaap Management Fees Revenue
ManagementFeesRevenue
238000000
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0234 pure
CY2011 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15000000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
84000000
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-25000000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
81000000
CY2011 us-gaap Royalty Expense
RoyaltyExpense
4000000
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
24000000
CY2011 us-gaap Advertising Expense
AdvertisingExpense
3000000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33700000 shares
CY2011 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2000000
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
1613000000
CY2011 us-gaap Time Share Revenue
TimeShareRevenue
634000000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9000000
CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
342000000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9000000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.29
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-246000000
CY2011 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
1000000
CY2011 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
5000000
CY2011 us-gaap Cost Of Revenue
CostOfRevenue
1833000000
CY2011 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
10000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.1444 pure
CY2011 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
73000000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.474 pure
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-129000000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33700000 shares
CY2011 us-gaap Financial Services Costs
FinancialServicesCosts
28000000
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-113000000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15000000
CY2011 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
125000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.3500 pure
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
13000000
CY2011 us-gaap Revenues
Revenues
1613000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0594 pure
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000000
CY2011 us-gaap Depreciation
Depreciation
33000000
CY2011 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
1000000
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2000000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-214000000
CY2011 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
3000000
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33700000 shares
CY2011 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13000000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-57000000
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4000000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-178000000
CY2011 us-gaap Reimbursement Revenue
ReimbursementRevenue
331000000
CY2011 us-gaap Financial Services Revenue
FinancialServicesRevenue
169000000
CY2011 us-gaap Interest Paid Net
InterestPaidNet
45000000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-36000000
CY2011 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
331000000
CY2011 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
-587000000
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
295000000
CY2011 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
85000000
CY2011 us-gaap Interest Expense
InterestExpense
47000000
CY2011 vac Revenue Other
RevenueOther
29000000
CY2011 vac Adjustment Asset Impairment Charges
AdjustmentAssetImpairmentCharges
324000000
CY2011 vac Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
-57000000
CY2011 vac Defaulted Mortgage Loans Repurchased
DefaultedMortgageLoansRepurchased
52000000
CY2011 vac Income Tax Holiday Tax Savings
IncomeTaxHolidayTaxSavings
4000000
CY2011 vac Inventory Reclassified To Buildings And Other Depreciable Property
InventoryReclassifiedToBuildingsAndOtherDepreciableProperty
52000000
CY2011 vac Rental Revenue
RentalRevenue
212000000
CY2011 vac Rental Expenses
RentalExpenses
220000000
CY2011 vac Impairment Reversal On Equity Investment
ImpairmentReversalOnEquityInvestment
4000000
CY2011 vac Distributions Declared But Not Paid
DistributionsDeclaredButNotPaid
-23000000
CY2011 vac Settlement Of Transactions Through Equity
SettlementOfTransactionsThroughEquity
478000000
CY2011 vac Payments Of Distributions To Former Parent
PaymentsOfDistributionsToFormerParent
64000000
CY2011 vac Financing Receivable Allowance For Credit Losses That Would Have Been Increased
FinancingReceivableAllowanceForCreditLossesThatWouldHaveBeenIncreased
6000000
CY2011 vac Vacation Time Share Product Costs
VacationTimeShareProductCosts
242000000
CY2011 vac Interest On Notes Receivable
InterestOnNotesReceivable
161000000
CY2011 vac Inventory Impairment
InventoryImpairment
251000000
CY2011 vac Stock Based Compensation Stock Options Granted
StockBasedCompensationStockOptionsGranted
0 shares
CY2011 vac Capitalized Salaries And Related Costs
CapitalizedSalariesAndRelatedCosts
11000000
CY2011 vac Litigation Settlement
LitigationSettlement
3000000
CY2011 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
2000000
CY2011 vac Significant Acquisitions And Disposals Acquisition Cash Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds
17000000
CY2011 vac Annual Rate Of Return Edc
AnnualRateOfReturnEdc
0.055 pure
CY2010 us-gaap Costs And Expenses
CostsAndExpenses
1496000000
CY2010 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
14000000
CY2010 us-gaap Service Management Costs
ServiceManagementCosts
196000000
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75000000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-31000000
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
10000000
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.00
CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.0005 pure
CY2010 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
60000000
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-19000000
CY2010 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-17000000
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
46000000
CY2010 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
52000000
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
68000000
CY2010 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
51000000
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
-1000000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
24000000
CY2010 us-gaap Pension Expense
PensionExpense
6000000
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-39000000
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.4006 pure
CY2010 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
-351000000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
379000000
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
39000000
CY2010 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3000000
CY2010 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-52000000
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
7000000
CY2010 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-256000000
CY2010 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2000000
CY2010 us-gaap Increase Decrease In Customer Loyalty Program Liability
IncreaseDecreaseInCustomerLoyaltyProgramLiability
-35000000
CY2010 us-gaap Management Fees Revenue
ManagementFeesRevenue
227000000
CY2010 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0307 pure
CY2010 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24000000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6000000
CY2010 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
16000000
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
82000000
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2000000
CY2010 us-gaap Advertising Expense
AdvertisingExpense
3000000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33700000 shares
CY2010 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
21000000
CY2010 us-gaap Time Share Revenue
TimeShareRevenue
635000000
CY2010 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
8000000
CY2010 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
344000000
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-424000000
CY2010 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
1000000
CY2010 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
6000000
CY2010 us-gaap Stockholders Equity Other
StockholdersEquityOther
253000000
CY2010 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
11000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0161 pure
CY2010 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
14000000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
88000000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33700000 shares
CY2010 us-gaap Financial Services Costs
FinancialServicesCosts
26000000
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-64000000
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1000000
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
17000000
CY2010 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
218000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2010 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3000000
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-8000000
CY2010 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
7000000
CY2010 us-gaap Revenues
Revenues
1584000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0033 pure
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9000000
CY2010 us-gaap Depreciation
Depreciation
35000000
CY2010 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
3000000
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
21000000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
112000000
CY2010 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-2000000
CY2010 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
18000000
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
74000000
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1000000
CY2010 us-gaap Reimbursement Revenue
ReimbursementRevenue
318000000
CY2010 us-gaap Net Income Loss
NetIncomeLoss
67000000
CY2010 us-gaap Financial Services Revenue
FinancialServicesRevenue
188000000
CY2010 us-gaap Interest Paid Net
InterestPaidNet
54000000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45000000
CY2010 us-gaap Cost Of Reimbursable Expense
CostOfReimbursableExpense
318000000
CY2010 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
323000000
CY2010 us-gaap Time Sharing Transactions Direct Write Offs Charged Against Allowance
TimeSharingTransactionsDirectWriteOffsChargedAgainstAllowance
79000000
CY2010 us-gaap Interest Expense
InterestExpense
56000000
CY2010 vac Revenue Other
RevenueOther
29000000
CY2010 vac Adjustment Asset Impairment Charges
AdjustmentAssetImpairmentCharges
15000000
CY2010 vac Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
76000000
CY2010 vac Defaulted Mortgage Loans Repurchased
DefaultedMortgageLoansRepurchased
68000000
CY2010 vac Income Tax Holiday Tax Savings
IncomeTaxHolidayTaxSavings
5000000
CY2010 vac Rental Revenue
RentalRevenue
187000000
CY2010 vac Rental Expenses
RentalExpenses
194000000
CY2010 vac Impairment Reversal On Equity Investment
ImpairmentReversalOnEquityInvestment
11000000
CY2010 vac Payments Of Distributions To Former Parent
PaymentsOfDistributionsToFormerParent
264000000
CY2010 vac Number Of Hotels Sold
NumberOfHotelsSold
1 Hotel
CY2010 vac Vacation Time Share Product Costs
VacationTimeShareProductCosts
245000000
CY2010 vac Interest On Notes Receivable
InterestOnNotesReceivable
179000000
CY2010 vac Inventory Impairment
InventoryImpairment
1000000
CY2010 vac Stock Based Compensation Stock Options Granted
StockBasedCompensationStockOptionsGranted
0 shares
CY2010 vac Capitalized Salaries And Related Costs
CapitalizedSalariesAndRelatedCosts
19000000
CY2010 vac Litigation Settlement
LitigationSettlement
2000000
CY2010 vac Real Estate Inventory True Ups
RealEstateInventoryTrueUps
6000000
CY2010 vac Financing Receivable Allowance For Credit Losses Impact Of Change In Accounting Principle
FinancingReceivableAllowanceForCreditLossesImpactOfChangeInAccountingPrinciple
218000000
CY2010 vac Employee Service Share Based Compensation Tax Benefit From Compensation Expense Or Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpenseOrRealizedFromExerciseOfStockOptions
3000000
CY2010 vac Significant Acquisitions And Disposals Acquisition Cash Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCashProceeds
38000000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2011Q1 us-gaap Profit Loss
ProfitLoss
19000000
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
371000000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2011Q1 us-gaap Cost Of Revenue
CostOfRevenue
338000000
CY2011Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33700000 shares
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2011Q2 us-gaap Profit Loss
ProfitLoss
16000000
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
380000000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2011Q2 us-gaap Cost Of Revenue
CostOfRevenue
352000000
CY2011Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33700000 shares
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.57
CY2011Q3 us-gaap Profit Loss
ProfitLoss
-221000000
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
378000000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.57
CY2011Q3 us-gaap Cost Of Revenue
CostOfRevenue
684000000
CY2011Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33700000 shares
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2012Q1 us-gaap Profit Loss
ProfitLoss
9000000
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
376000000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2012Q1 us-gaap Cost Of Revenue
CostOfRevenue
359000000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2012Q2 us-gaap Profit Loss
ProfitLoss
8000000
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
387000000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2012Q2 us-gaap Cost Of Revenue
CostOfRevenue
377000000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2012Q3 us-gaap Profit Loss
ProfitLoss
6000000
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
386000000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2012Q3 us-gaap Cost Of Revenue
CostOfRevenue
368000000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2012Q4 us-gaap Profit Loss
ProfitLoss
-7000000
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
499000000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2012Q4 us-gaap Cost Of Revenue
CostOfRevenue
519000000
CY2012Q4 vac Litigation Settlement
LitigationSettlement
39000000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2011Q4 us-gaap Profit Loss
ProfitLoss
8000000
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34200000 shares
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
484000000
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2011Q4 us-gaap Cost Of Revenue
CostOfRevenue
459000000

Files In Submission

Name View Source Status
0001193125-13-070988-index-headers.html Edgar Link pending
0001193125-13-070988-index.html Edgar Link pending
0001193125-13-070988.txt Edgar Link pending
0001193125-13-070988-xbrl.zip Edgar Link pending
d439106d10k.htm Edgar Link pending
d439106dex1011.htm Edgar Link pending
d439106dex1013.htm Edgar Link pending
d439106dex1023.htm Edgar Link pending
d439106dex1024.htm Edgar Link pending
d439106dex1027.htm Edgar Link pending
d439106dex109.htm Edgar Link pending
d439106dex211.htm Edgar Link pending
d439106dex231.htm Edgar Link pending
d439106dex311.htm Edgar Link pending
d439106dex312.htm Edgar Link pending
d439106dex321.htm Edgar Link pending
d439106dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
g439106ex10_21pg001a.jpg Edgar Link pending
g439106ex10_21pg001b.jpg Edgar Link pending
g439106tx_pg028n.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vac-20121228.xml Edgar Link completed
vac-20121228.xsd Edgar Link pending
vac-20121228_cal.xml Edgar Link unprocessable
vac-20121228_def.xml Edgar Link unprocessable
vac-20121228_lab.xml Edgar Link unprocessable
vac-20121228_pre.xml Edgar Link unprocessable