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This excerpt taken from the WYN 10-K filed Feb 27, 2009. Net
Interest Earned on Net Intercompany Funding to Former
Parent
Prior to the Separation, certain of the advances between the
Company and Cendant were interest-bearing. In connection with
the interest-bearing balances, the Company recorded net interest
income of $24 million during 2006.
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Net
Interest Earned on Net Intercompany Funding to Former
Parent
Prior to the Separation, Cendant swept cash from the
Company’s bank accounts while the Company maintained
certain balances due to or from Cendant. Inclusive of unpaid
corporate allocations, the Company had net amounts due from
Cendant, exclusive of income taxes, of $1,828 million as of
December 31, 2005, which was eliminated at the date of
Separation. Prior to the Separation, certain of the advances
between the Company and Cendant were interest-bearing. In
connection with the interest-bearing balances, the Company
recorded net interest income of $24 million and
$30 million during 2006 and 2005, respectively.
This excerpt taken from the WYN 10-Q filed Nov 8, 2007. Net
Interest Earned on Net Intercompany Funding to Former
Parent
Prior to the Separation, Cendant swept cash from the
Company’s bank accounts while the Company maintained
certain balances due to or from Cendant. Inclusive of unpaid
corporate allocations, the Company had net amounts due from
Cendant, exclusive of income taxes, of zero and
$1,828 million as of September 30, 2006 and
December 31, 2005, respectively. Prior to the Separation,
certain of the advances between the Company and Cendant were
interest-bearing. In connection with the interest-bearing
balances, the Company recorded net interest income of
$2 million and $24 million during the three and nine
months ended September 30, 2006, respectively.
Table of Contents
This excerpt taken from the WYN 10-Q filed Aug 9, 2007. Net
Interest Earned on Net Intercompany Funding to Former
Parent
Prior to the Separation, Cendant swept cash from the
Company’s bank accounts while the Company maintained
certain balances due to or from Cendant. Inclusive of unpaid
corporate allocations, the Company had net amounts due from
Cendant, exclusive of income taxes, of $2,005 million as of
June 30, 2006. Prior to the Separation, certain of the
advances between the Company and Cendant were interest-bearing.
In connection with the interest-bearing balances, the Company
recorded net interest income of $11 million and
$21 million during the three and six months ended
June 30, 2006, respectively.
This excerpt taken from the WYN 10-Q filed May 10, 2007. Net
Interest Earned on Net Intercompany Funding to Former
Parent
Prior to the Separation, Cendant swept cash from the
Company’s bank accounts while the Company maintained
certain balances due to or from Cendant. Inclusive of unpaid
corporate allocations, the Company had net amounts due from
Cendant, exclusive of income taxes, of $1,914 million as of
March 31, 2006. Prior to the Separation, certain of the
advances between the Company and Cendant were interest-bearing.
In connection with the interest-bearing balances, the Company
recorded net interest income of $10 million during the
three months ended March 31, 2006.
This excerpt taken from the WYN 10-K filed Mar 7, 2007. Net
Interest Earned on Net Intercompany Funding to Former
Parent
Prior to the Separation, Cendant swept cash from the
Company’s bank accounts while the Company maintained
certain balances due to or from Cendant. Inclusive of unpaid
corporate allocations, the Company had net amounts due from
Cendant, exclusive of income taxes, of $1,828 million as of
December 31, 2005, which was eliminated at the date of
Separation. Prior to the Separation, certain of the advances
between the Company and Cendant were interest-bearing. In
connection with the interest-bearing balances, the Company
recorded and net interest income of $21 million,
$30 million and $16 million during 2006, 2005 and
2004, respectively.
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