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WYN » Topics » CONTRACTUAL OBLIGATIONS

This excerpt taken from the WYN 10-Q filed Aug 8, 2008.
CONTRACTUAL OBLIGATIONS
 
The following table summarizes our future contractual obligations for the twelve month periods beginning on July 1st of each of the years set forth below:
 
                                                         
    2008     2009     2010     2011     2012     Thereafter     Total  
 
Securitized debt (a)
  $ 284     $ 259     $ 409     $ 185     $ 201     $ 743     $ 2,081  
Long-term debt (b)
    207       12       22       457       12       903       1,613  
Other purchase commitments (c)
    566       243       59       59       12       55       994  
Operating leases
    67       66       56       46       33       137       405  
Contingent liabilities (d)
    85       241       10       —       —       —       336  
                                                         
Total (e)
  $ 1,209     $ 821     $ 556     $ 747     $ 258     $ 1,838     $ 5,429  
                                                         
 
(a)
 Amounts exclude interest expense, as the amounts ultimately paid will depend on amounts outstanding under our secured obligations and interest rates in effect during each period.
(b)
 Excludes future cash payments related to interest expense on our 6.00% senior unsecured notes and term loan of $66 million during each year from 2008 through 2010, $50 million during 2011, $48 million during 2012 and $168 million thereafter.
(c)
 Primarily represents commitments for the development of vacation ownership properties.
(d)
 Primarily represents certain contingent litigation liabilities, contingent tax liabilities and 37.5% of Cendant contingent and other corporate liabilities, which we assumed and are responsible for pursuant to our Separation.
(e)
 Excludes $22 million of our liability for unrecognized tax benefits associated with FIN 48 since it is not reasonably estimatable to determine the periods in which such liability would be settled with the respective tax authorities.
 
This excerpt taken from the WYN 10-Q filed May 8, 2008.
CONTRACTUAL OBLIGATIONS
 
The following table summarizes our future contractual obligations for the twelve month periods beginning on April 1st of each of the years set forth below:
 
                                                         
    2008     2009     2010     2011     2012     Thereafter     Total  
 
Securitized debt (a)
  $ 268     $ 329     $ 682     $ 131     $ 139     $ 570     $ 2,119  
Long-term debt (b)
    193       11       22       407       12       907       1,552  
Operating leases
    70       66       59       48       36       169       448  
Other purchase commitments (c)
    374       218       53       61       12       5       723  
Contingent liabilities (d)
    83       42       217       —       —       —       342  
                                                         
Total (e)
  $ 988     $ 666     $ 1,033     $ 647     $ 199     $ 1,651     $ 5,184  
                                                         
 
(a)
 Amounts exclude interest expense, as the amounts ultimately paid will depend on amounts outstanding under our secured obligations and interest rates in effect during each period.
(b)
 Excludes future cash payments related to interest expense on our 6.00% senior unsecured notes and term loan of $66 million during each year from 2008 through 2010, $54 million during 2011, $48 million during 2012 and $180 million thereafter.
(c)
 Primarily represents commitments for the development of vacation ownership properties.
(d)
 Primarily represents certain contingent litigation liabilities, contingent tax liabilities and 37.5% of Cendant contingent and other corporate liabilities, which we assumed and are responsible for pursuant to our Separation.
(e)
 Excludes $22 million of our liability for unrecognized tax benefits associated with FIN 48 since it is not reasonably estimatable to determine the periods in which such liability would be settled with the respective tax authorities.
 
This excerpt taken from the WYN 10-Q filed Nov 8, 2007.
CONTRACTUAL OBLIGATIONS
 
The following table summarizes our future contractual obligations for the twelve month periods beginning on October 1st of each of the years set forth below:
 
                                                         
    2007     2008     2009     2010     2011     Thereafter     Total  
 
Securitized debt (a)
  $ 304     $ 309     $ 574     $ 118     $ 121     $ 499     $ 1,925  
Long-term debt (b)
    159       10       10       454       11       901       1,545  
Operating leases
    67       60       53       42       31       137       390  
Other purchase commitments (c)
    294       79       42       26       6       5       452  
Contingent liabilities (d)
    87       34       256       14       —       —       391  
                                                         
Total (e)
  $ 911     $ 492     $ 935     $ 654     $ 169     $ 1,542     $ 4,703  
                                                         
 
(a)
 Amounts exclude interest expense, as the amounts ultimately paid will depend on amounts outstanding under our secured obligations and interest rates in effect during each period.
(b)
 Excludes future cash payments related to interest expense on our 6.00% senior unsecured notes and term loan of $66 million during each year from 2007 through 2009, $63 million during 2010, $48 million during 2011 and $203 million thereafter.
(c)
 Primarily represents commitments for the development of vacation ownership properties.
(d)
 Primarily represents certain contingent litigation liabilities, contingent tax liabilities and 37.5% of Cendant contingent and other corporate liabilities, which we assumed and are responsible for pursuant to our separation from Cendant.
(e)
 Excludes $23 million of our liability for unrecognized tax benefits associated with FIN 48 since it is not reasonably estimatable to determine the periods in which such liability would be settled with the respective tax authorities.
 
This excerpt taken from the WYN 10-Q filed Aug 9, 2007.
CONTRACTUAL OBLIGATIONS
 
The following table summarizes our future contractual obligations for the twelve month periods beginning on July 1st of each of the years set forth below:
 
                                                         
    2007     2008     2009     2010     2011     Thereafter     Total  
 
Securitized debt (a)
  $ 242     $ 267     $ 460     $ 130     $ 131     $ 583     $ 1,813  
Long-term debt (b)
    140       10       10       20       525       898       1,603  
Operating leases
    46       46       39       32       23       53       239  
Other purchase commitments (c)
    313       55       49       37       20       6       480  
                                                         
Total (d)
  $ 741     $ 378     $ 558     $ 219     $ 699     $ 1,540     $ 4,135  
                                                         
 
(a)
 Amounts exclude interest expense, as the amounts ultimately paid will depend on amounts outstanding under our secured obligations and interest rates in effect during each period.
(b)
 Excludes future cash payments related to interest expense on our 6.00% senior unsecured notes and term loan of $66 million during each year from 2007 through 2010, $50 million during 2011 and $215 million thereafter.
(c)
 Primarily represents commitments for the development of vacation ownership properties.
(d)
 Excludes $22 million of our liability for unrecognized tax benefits associated with FIN 48 since it is not reasonably estimatable to determine the periods in which such liability would be settled with the respective tax authorities.
 
This excerpt taken from the WYN 10-Q filed May 10, 2007.
CONTRACTUAL OBLIGATIONS
 
The following table summarizes our future contractual obligations for the twelve month periods beginning on April 1st of each of the years set forth below:
 
                                                         
    2007     2008     2009     2010     2011     Thereafter     Total  
 
Securitized debt(a)
  $ 231     $ 304     $ 666     $ 93     $ 86     $ 333     $ 1,713  
Long-term debt(b)
    123       10       10       20       357       899       1,419  
Operating leases
    48       43       35       30       24       45       225  
Other purchase commitments(c)
    418       45       40       31       19       6       559  
                                                         
Total(d)
  $ 820     $ 402     $ 751     $ 174     $ 486     $ 1,283     $ 3,916  
                                                         
 
(a)   Amounts exclude interest expense, as the amounts ultimately paid will depend on amounts outstanding under our secured obligations and interest rates in effect during each period.
(b)   Excludes future cash payments related to interest expense on our 6.00% senior unsecured notes and term loan of $66 million during each year from 2007 through 2010, $54 million during 2011 and $227 million thereafter.
(c)   Primarily represents commitments for the development of vacation ownership properties.
(d)   Excludes $21 million of our liability for unrecognized tax benefits associated with FIN 48 since it is not reasonably estimatable to determine the periods in which such liability would be settled with the respective tax authorities.
 
This excerpt taken from the WYN 10-K filed Mar 7, 2007.
Contractual Obligations
 
The following table summarizes our future contractual obligations for the twelve month periods beginning on January 1st of each of the years set forth below:
 
                                                         
    2007     2008     2009     2010     2011     Thereafter     Total  
Securitized debt (a)
  $ 178     $ 255     $ 537     $ 93     $ 85     $ 315     $ 1,463  
Long-term debt (b)
    115       10       9       20       382       901       1,437  
Operating leases
    44       39       30       25       20       17       175  
Other purchase commitments (c)
    392       45       40       31       19       6       533  
                                                         
Total
  $ 729     $ 349     $ 616     $ 169     $ 506     $ 1,239     $ 3,608  
                                                         
(a) Amounts exclude interest expense, as the amounts ultimately paid will depend on amounts outstanding under our secured obligations and interest rates in effect during each period.
 
(b) Excludes future cash payments related to interest expense on our 6.00% senior unsecured notes and term loan of $66 million during each year from 2007 through 2010, $59 million during 2011 and $239 million thereafter.
 
(c) Primarily represents commitments for the development of vacation ownership properties.
 
In addition to the above and in connection with our separation from Cendant, we entered into certain guarantee commitments with Cendant (pursuant to our assumption of certain liabilities and our obligation to indemnify Cendant, Realogy and Travelport for such liabilities) and guarantee commitments related to deferred compensation arrangements with each of Cendant and Realogy. These guarantee arrangements primarily relate to certain contingent litigation liabilities, contingent tax liabilities, and Cendant contingent and other corporate liabilities, of which we assumed and are responsible for 37.5% of these Cendant liabilities. Additionally, if any of the companies responsible for all or a portion of such liabilities were to default in its payment of costs or expenses related to any such liability, we are responsible for a portion of the defaulting party or parties’ obligation. We also provide a default guarantee related to certain deferred compensation arrangements related to certain current and former senior officers and directors of Cendant and Realogy. These arrangements were valued upon our separation from Cendant with the assistance of third- party experts in accordance with Financial Interpretation No. 45 “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others” and recorded as liabilities on our balance sheet. To the extent such recorded liabilities are not adequate to cover the ultimate payment amounts, such excess will be reflected as an expense to our results of operations in future periods. See Separation Adjustments and Transactions with former Parent and Subsidiaries discussion for details of guaranteed liabilities.


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EXCERPTS ON THIS PAGE:

10-Q
Aug 8, 2008
10-Q
May 8, 2008
10-Q
Nov 8, 2007
10-Q
Aug 9, 2007
10-Q
May 10, 2007
10-K
Mar 7, 2007

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