WYNDHAM WORLDWIDE CORPORATION

WYNDHAM WORLDWIDE CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions)
Common Stock
Treasury
Stock
Shares Amount Shares Amount
Additional
Paid-In
Capital
Retained
Earnings/
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income
Total
Stockholders’
Equity
Balance as of December 31, 2007
Comprehensive income
.................. 204 $ 2 (27) $ (857) $ 3,652 $ 525 $ 194 $ 3,516
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — (1,074) —
Currency translation adjustment, net of tax benefit of $107 . . . . . — — — — — — (76)
Unrealized losses on cash flow hedges, net of tax benefit of $12. . — — — — — — (19)
Pension liability adjustment, net of tax benefit $0 .......... — — — — — — (1)
Total comprehensive loss ....................... (1,170)
Exercise of stock options . . . . . . . . . . . . . . . . . . . . . . . . — — — — 5 — — 5
Issuance of shares for RSU vesting . . . . . . . . . . . . . . . . . . 1 — — — — — — —
Change in deferred compensation . . . . . . . . . . . . . . . . . . . — — — — 28 — — 28
Repurchase of common stock . . . . . . . . . . . . . . . . . . . . . . — — — (13) — — — (13)
Cash transfer from former Parent . . . . . . . . . . . . . . . . . . . — — — — 8 — — 8
Change in excess tax benefit on equity awards . . . . . . . . . . . . — — — — (3) — — (3)
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — (29) — (29)
Balance as of December 31, 2008
Comprehensive income
.................. 205 2 (27) (870) 3,690 (578) 98 2,342
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 293 —
Currency translation adjustment, net of tax of $31 . . . . . . . . . . — — — — — — 25
Unrealized gains on cash flow hedges, net of tax of $10 . . . . . . — — — — — — 18
Pension liability adjustment, net of tax benefit of $1 . . . . . . . . — — — — — — (3)
Total comprehensive income ..................... 333
Issuance of warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — 11 — — 11
Issuance of shares for RSU vesting . . . . . . . . . . . . . . . . . . 1 — — — — — — —
Change in deferred compensation . . . . . . . . . . . . . . . . . . . — — — — 36 — — 36
Change in excess tax benefit on equity awards . . . . . . . . . . . . — — — — (4) — — (4)
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — (30) — (30)
Balance as of December 31, 2009
Comprehensive income
.................. 206 2 (27) (870) 3,733 (315) 138 2,688
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 379 —
Currency translation adjustment, net of tax benefit of $16 . . . . .
Reclassification of unrealized loss on cash flow hedge, net of tax
— — — — — — 5
benefit of $6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — 8
Unrealized gains on cash flow hedges, net of tax of $2 . . . . . . . — — — — — — 4
Total comprehensive income ..................... 396
Exercise of stock options . . . . . . . . . . . . . . . . . . . . . . . . 2 — — — 40 — — 40
Issuance of shares for RSU vesting . . . . . . . . . . . . . . . . . . 2 — — — — — — —
Change in deferred compensation . . . . . . . . . . . . . . . . . . . — — — — 17 — — 17
Reversal of net deferred tax liabilities from former Parent . . . . . — — — — 188 — — 188
Repurchase of warrants . . . . . . . . . . . . . . . . . . . . . . . . . — — — — (98) — — (98)
Repurchase of common stock . . . . . . . . . . . . . . . . . . . . . . — — (10) (237) — — — (237)
Change in excess tax benefit on equity awards . . . . . . . . . . . . — — — — 12 — — 12
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — (89) — (89)
Balance as of December 31, 2010 .................. 210 $ 2 (37) $ (1,107) $ 3,892 $ (25) $ 155 $ 2,917
See Notes to Consolidated Financial Statements.
F-6