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These excerpts taken from the WYN 10-Q filed May 7, 2009. Corporate
and Other
Corporate and Other expenses increased $6 million during
first quarter of 2009 compared with the first quarter of 2008.
Such increase includes (i) $7 million of increased
corporate expenses primarily related to the consolidation of two
leased facilities into one, which we occupied during the first
quarter of 2009, (ii) $1 million of restructuring
costs and (iii) a $1 million increase in net expense
related to the resolution of and adjustment to certain
contingent liabilities and assets.
Corporate
and Other
We identified opportunities at our corporate business to reduce
costs by enhancing organizational efficiency and consolidating
and rationalizing existing processes. As a result, we recorded
$1 million in restructuring costs during the first quarter
of 2009.
These excerpts taken from the WYN 10-K filed Feb 27, 2009. Corporate
and Other
Corporate and Other expenses increased $15 million during
2008 compared with 2007. Such increase includes $28 million
of a lower net benefit related to the resolution of and
adjustment to certain contingent liabilities and assets,
partially offset by (i) the absence of $7 million of
separation and related costs recorded during 2007 primarily
relating to consulting and legal services and (ii) a
$6 million decrease in corporate costs primarily related to
cost containment initiatives implemented during 2008 and lower
legal and professional fees.
Corporate
and Other
Corporate and Other expenses decreased $64 million in 2007
compared with 2006. Such decrease primarily includes (i) a
$69 million decrease in separation and related costs due to
the acceleration of vesting of Cendant equity awards and related
equitable adjustments of such awards during the third quarter of
2006 and (ii) $46 million
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of a net benefit related to the resolution of and adjustment to
certain liabilities and assets. Such amounts were partially
offset by $55 million of incremental stand-alone, corporate
costs, including personnel-related and public company costs,
incurred during 2007.
This excerpt taken from the WYN 10-Q filed Nov 10, 2008. Corporate
and Other
Corporate and Other expenses decreased $7 million during
the nine months ended September 30, 2008 compared with the
nine months ended September 30, 2007. Such decrease
includes the absence of $7 million of separation and
related costs recorded during the nine months ended
September 30, 2007 primarily relating to consulting and
legal services, partially offset by a decrease of
$1 million in net benefit related to the resolution of and
adjustment to certain contingent liabilities and assets.
This excerpt taken from the WYN 10-Q filed Aug 8, 2008. Corporate
and Other
Corporate and Other expenses increased $27 million during
the six months ended June 30, 2008 compared with the six
months ended June 30, 2007. Such increase primarily
includes (i) a decrease of $26 million in net benefit
related to the resolution of and adjustment to certain
contingent liabilities and assets and (ii) $5 million
of increased corporate costs incurred during the six months
ended June 30, 2008. Such amounts were partially offset by
the absence of $5 million of separation and related costs
recorded during the six months ended June 30, 2007 relating
to consulting and legal services.
This excerpt taken from the WYN 10-Q filed May 8, 2008. Corporate
and Other
Corporate and Other expenses increased $15 million during
the first quarter of 2008 compared with the first quarter of
2007. Such increase primarily includes (i) the absence of a
$13 million net benefit related to the resolution of and
adjustment to certain contingent liabilities and assets recorded
during the first quarter of 2007, (ii) $3 million of a
net expense related to the resolution of and adjustment to
certain contingent liabilities and assets recorded during the
first quarter of 2008 and (iii) $2 million of
increased corporate costs incurred during the first quarter of
2008. Such amounts were partially offset by the absence of
$3 million of separation and related costs recorded during
the first quarter of 2007 relating to consulting and legal
services.
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Corporate
and Other
Corporate and Other expenses increased $58 million in 2006
compared with 2005. Such increase includes
(i) $76 million of costs incurred as a result of the
execution of our separation from Cendant on July 31, 2006
primarily related to the acceleration of vesting of Cendant
equity awards and related equitable adjustments of such awards
and (ii) $20 million of incremental stand-alone,
corporate costs incurred from the date of separation to
December 31, 2006. Such amounts were partially offset by a
$32 million net benefit from the resolution of certain
contingent liabilities.
This excerpt taken from the WYN 10-Q filed Nov 8, 2007. Corporate
and Other
Corporate and Other expenses decreased $44 million in the
nine months ended September 30, 2007 compared with the nine
months ended September 30, 2006. Such decrease primarily
includes a $62 million decrease in separation and related
costs due to the acceleration of vesting of Cendant equity
awards and related equitable adjustments of such awards during
the third quarter of 2006 and $5 million of a net benefit
related to the resolution of and adjustment to certain
liabilities and assets, partially offset by $28 million of
incremental stand-alone, corporate costs incurred during the
nine months ended September 30, 2007.
This excerpt taken from the WYN 10-Q filed Aug 9, 2007. Corporate
and Other
Corporate and Other expenses decreased $9 million in the
six months ended June 30, 2007 compared with the six months
ended June 30, 2006. Such decrease primarily includes
$30 million related to the resolution of and adjustment to
certain liabilities and assets, partially offset by
$23 million of stand-alone, corporate costs incurred during
the second quarter of 2007.
This excerpt taken from the WYN 10-K filed Mar 7, 2007. Corporate
and Other
Corporate and Other expenses increased $58 million in 2006
compared with 2005. Such increase includes
(i) $76 million of costs incurred as a result of the
execution of our separation from Cendant on July 31, 2006
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primarily related to the acceleration of vesting of Cendant
equity awards and related equitable adjustments of such awards
and (ii) $20 million of incremental stand-alone,
corporate costs incurred from the date of separation to
December 31, 2006. Such amounts were partially offset by a
$32 million net benefit from the resolution of certain
contingent liabilities.
This excerpt taken from the WYN 10-Q filed Nov 14, 2006. Corporate
and Other
Corporate and Other expenses increased $70 million in the
nine months ended September 30, 2006 compared with the same
period in 2005. Such increase includes $69 million of costs
incurred as a result of the execution of our separation from
Cendant on July 31, 2006 primarily related to the
acceleration of vesting of Cendant equity awards and related
equitable adjustments of such awards. In addition, the nine
months ended September 30, 2006 Corporate and Other results
include only seven months of corporate allocations from our
former Parent, while the nine months ended September 30,
2005 results include nine months.
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