WYN » Topics » General Corporate Overhead

This excerpt taken from the WYN 8-K filed Jul 19, 2006.

General Corporate Overhead

In addition to the services discussed above for which costs are directly allocated to us by Cendant, certain corporate services are charged to us through Cendant’s general corporate overhead allocation, which is calculated based on a percentage of our revenues. These services include certain of the services discussed above, which will be provided to us as transition services for a period of time following our separation from Cendant and services, such as corporate purchasing, that we will have to secure for ourselves following the end of the transition services period. Our share of the general corporate overhead was $36 million, $30 million and $29 million in 2005, 2004 and 2003, respectively.

 

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