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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Owned, leased and consolidated joint venture hotels $ 1,768 $ 1,704 $ 1,584
Vacation ownership and residential sales and services 703 538 523
Management fees, franchise fees and other income 814 712 658
Other revenues from managed and franchised properties 2,339 2,117 1,931
Total Revenues 5,624 5,071 4,696
Costs and Expenses      
Owned, leased and consolidated joint venture hotels 1,449 1,395 1,315
Vacation ownership and residential 521 405 422
Selling, general, administrative and other 352 344 314
Restructuring, goodwill impairment and other special charges (credits), net 68 (75) 379
Depreciation 235 252 274
Amortization 30 33 35
Other expenses from managed and franchised properties 2,339 2,117 1,931
Total Costs and Expenses 4,994 4,471 4,670
Operating income 630 600 26
Equity earnings (losses) and gains and losses from unconsolidated ventures, net 11 10 (4)
Interest expense, net of interest income of $3, $2 and $3 (216) (236) (227)
Gain (loss) on asset dispositions and impairments, net   (39) (91)
Income (loss) from continuing operations before taxes and noncontrolling interests 425 335 (296)
Income tax benefit (expense) 75 (27) 293
Income (loss) from continuing operations 500 308 (3)
Discontinued operations:      
Income (loss) from operations, net of tax (benefit) expense of $0, $0 and $(2) 0 (1) (2)
Gain (loss) on dispositions, net of tax (benefit) expense of $(5), $(166) and $(35) (13) 168 76
Net income 487 475 71
Net (income) loss attributable to noncontrolling interests 2 2 2
Net income attributable to Starwood 489 477 73
Earnings (Losses) Per Share - Basic      
Continuing operations $ 2.65 $ 1.70 $ 0.00
Discontinued operations $ (0.07) $ 0.91 $ 0.41
Net income $ 2.58 $ 2.61 $ 0.41
Earnings (Losses) Per Share - Diluted      
Continuing operations $ 2.57 $ 1.63 $ 0.00
Discontinued operations $ (0.06) $ 0.88 $ 0.41
Net income $ 2.51 $ 2.51 $ 0.41
Amounts attributable to Starwood's Common Shareholders      
Income (loss) from continuing operations 502 310 (1)
Discontinued operations (13) 167 74
Net income $ 489 $ 477 $ 73
Weighted average number of shares 189 183 180
Weighted average number of shares assuming dilution 195 190 180
Dividends declared per share $ 0.50 $ 0.30 $ 0.20