Delaware
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52-2055918
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
As a result of the above planned actions, the Company expects to record pre-tax non-cash impairment charges between $275 million and $325 million (between $190 million and $225 million after-tax) as well as after-tax non-cash impairment charges between $25 million and $35 million for impairment of the international deferred tax assets, for total after-tax non-cash impairment charges between $215 million and $260 million in the 2011 third quarter. Amendment No. 1 to Marriott Vacations Worldwide's Form 10 which was filed today with the Securities and Exchange Commission includes a discussion of the Timeshare segment's plan. We will provide additional information relating to these impairment charges in the Company's Form 10-Q filing for our third quarter ending September 9, 2011.
Marriott International, Inc.
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Date: September 09, 2011
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By:
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/s/ Carl T. Berquist
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Carl T. Berquist
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Executive Vice President and Chief Financial Officer
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