Financial Information
Marriott International, Inc.
Consolidated Statements of Shareholders’ (Deficit) Equity
Fiscal Years 2012, 2011, and 2010
(in millions)
(1) On January 2, 2010, we adopted Accounting Standards Update (“ASU”) Nos. 2009-16 and ASU 2009-17 which resulted in the consolidation of qualifying special purpose entities from past securitization transactions. This reflects the cumulative effect of the adoption of these standards.
(2) The abbreviation MVW means Marriott Vacations Worldwide Corporation.
See Notes to Consolidated Financial Statements