|
Guarantor and Non-Guarantor Consolidating Condensed Financial Statements - Consolidating Condensed Statements of Cash Flows (Detail) (USD $)
In Millions, unless otherwise specified
|
6 Months Ended |
|
Jun. 30, 2014
|
Jun. 30, 2013
|
| Operating activities |
|
|
| Net (loss) income |
$ (22) |
$ (113) |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
113 |
101 |
| Amortization of customer loyalty payments |
37 |
29 |
| Gain on sale of shares of Orbitz Worldwide |
(52) |
|
| Amortization of debt finance costs |
6 |
19 |
| Accrual of repayment fee and amortization of debt discount |
5 |
1 |
| Loss on early extinguishment of debt |
14 |
49 |
| Payment-in-kind interest |
12 |
9 |
| Share of earnings (losses) in equity method investments |
3 |
(2) |
| Equity-based compensation |
9 |
2 |
| Deferred income taxes |
5 |
0 |
| Equity in losses (earnings) of subsidiaries |
|
|
| Pension liability contribution |
(3) |
0 |
| Customer loyalty payments |
(45) |
(36) |
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
(38) |
(65) |
| Other current assets |
9 |
(4) |
| Accounts payable, accrued expenses and other current liabilities |
(22) |
(9) |
| Other |
11 |
31 |
| Net cash (used in) provided by operating activities |
42 |
12 |
| Investing activities |
|
|
| Property and equipment additions |
(54) |
(46) |
| Proceeds from sale of shares of Orbitz Worldwide |
54 |
|
| Other |
|
(6) |
| Purchase of non-controlling interest in a subsidiary |
(65) |
|
| Business acquired |
(10) |
|
| Purchase of equity method investment |
(10) |
|
| Net intercompany funding |
|
|
| Net cash provided by (used in) investing activities |
(85) |
(52) |
| Financing activities |
|
|
| Proceeds from revolver borrowings |
50 |
53 |
| Repayment of revolver borrowings |
(50) |
(73) |
| Repayment of capital lease obligations |
(15) |
(8) |
| Release of cash provided as collateral |
9 |
137 |
| Repayment of term loans |
(8) |
(1,659) |
| Payment related to early extinguishment of debt |
(3) |
|
| Proceeds from new term loans |
|
2,169 |
| Repurchase of Senior Notes |
|
(413) |
| Cash provided as collateral |
|
(93) |
| Debt finance costs |
|
(55) |
| Distribution to a parent company |
|
(6) |
| Other |
(1) |
(4) |
| Net cash provided by (used in) financing activities |
(18) |
48 |
| Effect of changes in exchange rates on cash and cash equivalents |
|
(1) |
| Net (decrease) increase in cash and cash equivalents |
(61) |
7 |
| Cash and cash equivalents at beginning of period |
154 |
110 |
| Cash and cash equivalents at end of period |
93 |
117 |
|
Parent Guarantor [Member]
|
|
|
| Operating activities |
|
|
| Net (loss) income |
(25) |
(115) |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
|
|
| Amortization of customer loyalty payments |
|
|
| Gain on sale of shares of Orbitz Worldwide |
|
|
| Amortization of debt finance costs |
|
|
| Accrual of repayment fee and amortization of debt discount |
|
|
| Loss on early extinguishment of debt |
|
|
| Payment-in-kind interest |
|
|
| Share of earnings (losses) in equity method investments |
|
|
| Equity-based compensation |
9 |
2 |
| Deferred income taxes |
|
|
| Equity in losses (earnings) of subsidiaries |
10 |
99 |
| Pension liability contribution |
|
|
| Customer loyalty payments |
|
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
|
|
| Other current assets |
(2) |
|
| Accounts payable, accrued expenses and other current liabilities |
6 |
|
| Other |
|
|
| Net cash (used in) provided by operating activities |
(12) |
(14) |
| Investing activities |
|
|
| Property and equipment additions |
|
|
| Proceeds from sale of shares of Orbitz Worldwide |
|
|
| Purchase of non-controlling interest in a subsidiary |
|
|
| Business acquired |
|
|
| Purchase of equity method investment |
|
|
| Net intercompany funding |
12 |
20 |
| Net cash provided by (used in) investing activities |
12 |
20 |
| Financing activities |
|
|
| Proceeds from revolver borrowings |
|
|
| Repayment of revolver borrowings |
|
|
| Repayment of capital lease obligations |
|
|
| Release of cash provided as collateral |
|
|
| Repayment of term loans |
|
|
| Payment related to early extinguishment of debt |
|
|
| Repurchase of Senior Notes |
|
|
| Distribution to a parent company |
|
(6) |
| Other |
|
|
| Net cash provided by (used in) financing activities |
|
(6) |
| Net (decrease) increase in cash and cash equivalents |
|
|
| Cash and cash equivalents at beginning of period |
|
|
| Cash and cash equivalents at end of period |
|
|
|
Intermediate Parent Guarantor [Member]
|
|
|
| Operating activities |
|
|
| Net (loss) income |
(165) |
(196) |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
|
|
| Amortization of customer loyalty payments |
|
|
| Gain on sale of shares of Orbitz Worldwide |
(52) |
|
| Amortization of debt finance costs |
|
|
| Accrual of repayment fee and amortization of debt discount |
|
|
| Loss on early extinguishment of debt |
|
|
| Payment-in-kind interest |
|
|
| Share of earnings (losses) in equity method investments |
3 |
(2) |
| Equity-based compensation |
|
|
| Deferred income taxes |
|
|
| Equity in losses (earnings) of subsidiaries |
217 |
198 |
| Pension liability contribution |
|
|
| Customer loyalty payments |
|
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
|
|
| Other current assets |
|
|
| Accounts payable, accrued expenses and other current liabilities |
1 |
|
| Other |
|
|
| Net cash (used in) provided by operating activities |
(213) |
|
| Investing activities |
|
|
| Property and equipment additions |
|
|
| Proceeds from sale of shares of Orbitz Worldwide |
54 |
|
| Purchase of non-controlling interest in a subsidiary |
|
|
| Business acquired |
|
|
| Purchase of equity method investment |
|
|
| Net intercompany funding |
159 |
|
| Net cash provided by (used in) investing activities |
213 |
|
| Financing activities |
|
|
| Proceeds from revolver borrowings |
|
|
| Repayment of revolver borrowings |
|
|
| Repayment of capital lease obligations |
|
|
| Release of cash provided as collateral |
|
|
| Repayment of term loans |
|
|
| Payment related to early extinguishment of debt |
|
|
| Repurchase of Senior Notes |
|
|
| Other |
|
|
| Net cash provided by (used in) financing activities |
|
|
| Net (decrease) increase in cash and cash equivalents |
|
|
| Cash and cash equivalents at beginning of period |
|
|
| Cash and cash equivalents at end of period |
|
|
|
Issuer [Member]
|
|
|
| Operating activities |
|
|
| Net (loss) income |
(217) |
(198) |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
|
|
| Amortization of customer loyalty payments |
|
|
| Gain on sale of shares of Orbitz Worldwide |
|
|
| Amortization of debt finance costs |
6 |
19 |
| Accrual of repayment fee and amortization of debt discount |
5 |
1 |
| Loss on early extinguishment of debt |
14 |
49 |
| Payment-in-kind interest |
12 |
9 |
| Share of earnings (losses) in equity method investments |
|
|
| Equity-based compensation |
|
|
| Deferred income taxes |
|
|
| Equity in losses (earnings) of subsidiaries |
38 |
(28) |
| Pension liability contribution |
|
|
| Customer loyalty payments |
|
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
|
|
| Other current assets |
4 |
|
| Accounts payable, accrued expenses and other current liabilities |
12 |
19 |
| Other |
7 |
21 |
| Net cash (used in) provided by operating activities |
(157) |
(108) |
| Investing activities |
|
|
| Property and equipment additions |
|
|
| Proceeds from sale of shares of Orbitz Worldwide |
|
|
| Purchase of non-controlling interest in a subsidiary |
|
|
| Business acquired |
|
|
| Purchase of equity method investment |
|
|
| Net intercompany funding |
164 |
35 |
| Net cash provided by (used in) investing activities |
164 |
35 |
| Financing activities |
|
|
| Proceeds from revolver borrowings |
50 |
53 |
| Repayment of revolver borrowings |
(50) |
(73) |
| Repayment of capital lease obligations |
|
|
| Release of cash provided as collateral |
9 |
137 |
| Repayment of term loans |
(8) |
(1,659) |
| Payment related to early extinguishment of debt |
(3) |
|
| Proceeds from new term loans |
|
2,169 |
| Repurchase of Senior Notes |
|
(413) |
| Cash provided as collateral |
|
(93) |
| Debt finance costs |
|
(55) |
| Other |
(1) |
(4) |
| Net cash provided by (used in) financing activities |
(3) |
62 |
| Net (decrease) increase in cash and cash equivalents |
4 |
(11) |
| Cash and cash equivalents at beginning of period |
25 |
51 |
| Cash and cash equivalents at end of period |
29 |
40 |
|
Guarantor Subsidiaries [Member]
|
|
|
| Operating activities |
|
|
| Net (loss) income |
(38) |
28 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
94 |
74 |
| Amortization of customer loyalty payments |
11 |
8 |
| Gain on sale of shares of Orbitz Worldwide |
|
|
| Amortization of debt finance costs |
|
|
| Accrual of repayment fee and amortization of debt discount |
|
|
| Loss on early extinguishment of debt |
|
|
| Payment-in-kind interest |
|
|
| Share of earnings (losses) in equity method investments |
|
|
| Equity-based compensation |
|
|
| Deferred income taxes |
5 |
|
| Equity in losses (earnings) of subsidiaries |
|
|
| Pension liability contribution |
(3) |
|
| Customer loyalty payments |
(22) |
(8) |
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
9 |
(25) |
| Other current assets |
6 |
7 |
| Accounts payable, accrued expenses and other current liabilities |
(4) |
28 |
| Other |
13 |
21 |
| Net cash (used in) provided by operating activities |
71 |
133 |
| Investing activities |
|
|
| Property and equipment additions |
(52) |
(44) |
| Proceeds from sale of shares of Orbitz Worldwide |
|
|
| Other |
|
(6) |
| Purchase of non-controlling interest in a subsidiary |
|
|
| Business acquired |
|
|
| Purchase of equity method investment |
|
|
| Net intercompany funding |
(50) |
(75) |
| Net cash provided by (used in) investing activities |
(102) |
(125) |
| Financing activities |
|
|
| Proceeds from revolver borrowings |
|
|
| Repayment of revolver borrowings |
|
|
| Repayment of capital lease obligations |
(15) |
(8) |
| Release of cash provided as collateral |
|
|
| Repayment of term loans |
|
|
| Payment related to early extinguishment of debt |
|
|
| Repurchase of Senior Notes |
|
|
| Other |
|
|
| Net cash provided by (used in) financing activities |
(15) |
(8) |
| Effect of changes in exchange rates on cash and cash equivalents |
|
(1) |
| Net (decrease) increase in cash and cash equivalents |
(46) |
(1) |
| Cash and cash equivalents at beginning of period |
51 |
3 |
| Cash and cash equivalents at end of period |
5 |
2 |
|
Non-Guarantor Subsidiaries [Member]
|
|
|
| Operating activities |
|
|
| Net (loss) income |
158 |
99 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
19 |
27 |
| Amortization of customer loyalty payments |
26 |
21 |
| Gain on sale of shares of Orbitz Worldwide |
|
|
| Amortization of debt finance costs |
|
|
| Accrual of repayment fee and amortization of debt discount |
|
|
| Loss on early extinguishment of debt |
|
|
| Payment-in-kind interest |
|
|
| Share of earnings (losses) in equity method investments |
|
|
| Equity-based compensation |
|
|
| Deferred income taxes |
|
|
| Equity in losses (earnings) of subsidiaries |
|
|
| Pension liability contribution |
|
|
| Customer loyalty payments |
(23) |
(28) |
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
47 |
(40) |
| Other current assets |
1 |
(11) |
| Accounts payable, accrued expenses and other current liabilities |
(37) |
(56) |
| Other |
(9) |
(11) |
| Net cash (used in) provided by operating activities |
88 |
1 |
| Investing activities |
|
|
| Property and equipment additions |
(2) |
(2) |
| Proceeds from sale of shares of Orbitz Worldwide |
|
|
| Purchase of non-controlling interest in a subsidiary |
(65) |
|
| Business acquired |
(10) |
|
| Purchase of equity method investment |
(10) |
|
| Net intercompany funding |
(20) |
20 |
| Net cash provided by (used in) investing activities |
(107) |
18 |
| Financing activities |
|
|
| Proceeds from revolver borrowings |
|
|
| Repayment of revolver borrowings |
|
|
| Repayment of capital lease obligations |
|
|
| Release of cash provided as collateral |
|
|
| Repayment of term loans |
|
|
| Payment related to early extinguishment of debt |
|
|
| Repurchase of Senior Notes |
|
|
| Other |
|
|
| Net cash provided by (used in) financing activities |
|
|
| Net (decrease) increase in cash and cash equivalents |
(19) |
19 |
| Cash and cash equivalents at beginning of period |
78 |
56 |
| Cash and cash equivalents at end of period |
59 |
75 |
|
Eliminations [Member]
|
|
|
| Operating activities |
|
|
| Net (loss) income |
265 |
269 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |
|
|
| Depreciation and amortization |
|
|
| Amortization of customer loyalty payments |
|
|
| Gain on sale of shares of Orbitz Worldwide |
|
|
| Amortization of debt finance costs |
|
|
| Accrual of repayment fee and amortization of debt discount |
|
|
| Loss on early extinguishment of debt |
|
|
| Payment-in-kind interest |
|
|
| Share of earnings (losses) in equity method investments |
|
|
| Equity-based compensation |
|
|
| Deferred income taxes |
|
|
| Equity in losses (earnings) of subsidiaries |
(265) |
(269) |
| Pension liability contribution |
|
|
| Customer loyalty payments |
|
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
|
|
| Other current assets |
|
|
| Accounts payable, accrued expenses and other current liabilities |
|
|
| Other |
|
|
| Net cash (used in) provided by operating activities |
265 |
|
| Investing activities |
|
|
| Property and equipment additions |
|
|
| Proceeds from sale of shares of Orbitz Worldwide |
|
|
| Purchase of non-controlling interest in a subsidiary |
|
|
| Business acquired |
|
|
| Purchase of equity method investment |
|
|
| Net intercompany funding |
(265) |
|
| Net cash provided by (used in) investing activities |
(265) |
|
| Financing activities |
|
|
| Proceeds from revolver borrowings |
|
|
| Repayment of revolver borrowings |
|
|
| Repayment of capital lease obligations |
|
|
| Release of cash provided as collateral |
|
|
| Repayment of term loans |
|
|
| Payment related to early extinguishment of debt |
|
|
| Repurchase of Senior Notes |
|
|
| Other |
|
|
| Net cash provided by (used in) financing activities |
|
|
| Net (decrease) increase in cash and cash equivalents |
|
|
| Cash and cash equivalents at beginning of period |
|
|
| Cash and cash equivalents at end of period |
|
|