|
Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 154 |
$ 110 |
| Accounts receivable (net of allowances for doubtful accounts of $13 and $16) |
177 |
150 |
| Deferred income taxes |
1 |
2 |
| Other current assets |
134 |
170 |
| Total current assets |
466 |
432 |
| Property and equipment, net |
428 |
416 |
| Goodwill |
986 |
986 |
| Trademarks and tradenames |
314 |
314 |
| Other intangible assets, net |
671 |
717 |
| Cash held as collateral |
79 |
137 |
| Investment in Orbitz Worldwide |
19 |
|
| Non-current deferred income taxes |
5 |
6 |
| Other non-current assets |
120 |
150 |
| Total assets |
3,088 |
3,158 |
| Current liabilities: |
|
|
| Accounts payable |
72 |
74 |
| Accrued expenses and other current liabilities |
540 |
537 |
| Deferred income taxes |
24 |
38 |
| Current portion of long-term debt |
45 |
38 |
| Total current liabilities |
681 |
687 |
| Long-term debt |
3,528 |
3,392 |
| Deferred income taxes |
18 |
7 |
| Other non-current liabilities |
172 |
274 |
| Total liabilities |
4,399 |
4,360 |
| Commitments and contingencies (Note 14) |
|
|
| Shareholders' equity (deficit): |
|
|
| Common shares ($1.00 par value; 12,000 shares authorized; 12,000 shares issued and outstanding) |
|
|
| Additional paid in capital |
691 |
718 |
| Accumulated deficit |
(1,939) |
(1,747) |
| Accumulated other comprehensive loss |
(82) |
(189) |
| Total shareholders' equity (deficit) |
(1,330) |
(1,218) |
| Equity attributable to non-controlling interest in subsidiaries |
19 |
16 |
| Total equity (deficit) |
(1,311) |
(1,202) |
| Total liabilities and equity |
$ 3,088 |
$ 3,158 |