Summary
Marriott International, Inc. (MAR) filed an 8-K on March 19, 2007, to provide updated segment reporting information. The company has adopted a revised business segment format, as detailed in its 2006 Form 10-K. This filing furnishes quarterly revenue and income from continuing operations for both the 2006 and 2005 fiscal years, presented in this new segment structure to ensure comparability for investors. The primary purpose of this report is informational, offering enhanced transparency into the performance of Marriott's various business segments. Investors should review the attached Exhibit 99 for a detailed breakdown of historical quarterly segment performance, which will aid in understanding the company's operational evolution and financial trends over the specified periods under the new reporting framework. No new financial results or significant business events are being announced, but rather a reframing of existing data.
Key Highlights
- 1Marriott International, Inc. is providing a schedule of segment revenues and income from continuing operations for the 2006 and 2005 fiscal years.
- 2The company has adopted a revised business segment format, aligning with disclosures in its 2006 Form 10-K.
- 3This filing aims to provide comparable quarterly information under the new segment structure for the years 2006 and 2005.
- 4The updated segment reporting does not alter previously reported consolidated revenues or earnings.
- 5The company evaluates segment performance primarily on results without allocating corporate expenses, interest, or indirect general/administrative expenses.
- 6Exhibit 99, containing the detailed quarterly segment data, is furnished and incorporated by reference into the report.
- 7This report does not disclose new material financial results or operational developments, but rather presents historical data in a new format.