|
Consolidated Condensed Balance Sheets (Unaudited) (USD $) In Millions, unless otherwise specified
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 162 |
$ 124 |
| Accounts receivable (net of allowances for doubtful accounts of $20 and $22) |
189 |
180 |
| Deferred income taxes |
3 |
3 |
| Other current assets |
208 |
168 |
| Total current assets |
562 |
475 |
| Property and equipment, net |
395 |
431 |
| Goodwill |
986 |
986 |
| Trademarks and tradenames |
314 |
314 |
| Other intangible assets, net |
640 |
681 |
| Cash held as collateral |
137 |
137 |
| Investment in Orbitz Worldwide |
75 |
77 |
| Non-current deferred income tax |
6 |
6 |
| Other non-current assets |
217 |
237 |
| Total assets |
3,332 |
3,344 |
| Current liabilities: |
|
|
| Accounts payable |
106 |
88 |
| Accrued expenses and other current liabilities |
523 |
485 |
| Current portion of long-term debt |
15 |
50 |
| Total current liabilities |
644 |
623 |
| Long-term debt |
3,351 |
3,357 |
| Deferred income taxes |
42 |
42 |
| Other non-current liabilities |
283 |
279 |
| Total liabilities |
4,320 |
4,301 |
| Commitments and contingencies (Note 10) |
|
|
| Shareholders' equity: |
|
|
| Common shares $1.00 par value; 12,000 shares authorized; 12,000 shares issued and outstanding |
|
|
| Additional paid in capital |
718 |
717 |
| Accumulated deficit |
(1,542) |
(1,511) |
| Accumulated other comprehensive income (loss) |
(179) |
(176) |
| Total shareholders' equity |
(1,003) |
(970) |
| Equity attributable to non-controlling interest in subsidiaries |
15 |
13 |
| Total equity |
(988) |
(957) |
| Total liabilities and equity |
$ 3,332 |
$ 3,344 |