XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 270 $ 454
Restricted cash 155 232
Accounts receivable, net of allowance for doubtful accounts of $48 and $46 597 569
Inventories 461 812
Securitized vacation ownership notes receivable, net of allowance for doubtful accounts of $9 and $10 60 64
Prepaid expenses and other 158 125
Deferred income taxes 279 278
Total current assets 1,980 2,534
Investments 267 259
Plant, property and equipment, net 3,187 3,175
Asset held for sale, net 117 127
Goodwill and intangible assets, net 2,027 2,025
Deferred tax assets 613 639
Other assets 417 355
Securitized vacation ownership notes receivable, net 381 446
Total assets 8,989 9,560
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 0 3
Accounts payable 104 144
Current maturities of long-term securitized vacation ownership debt 117 130
Accrued expenses 1,117 1,177
Accrued salaries, wages and benefits 336 375
Accrued taxes and other 149 163
Total current liabilities 1,823 1,992
Long-term debt 1,652 2,194
Long-term securitized vacation ownership debt 332 402
Deferred income taxes 45 46
Other liabilities 1,902 1,971
Total liabilities 5,754 6,605
Commitments and contingencies      
Stockholders' equity:    
Common stock; $0.01 par value; authorized 1,000,000,000 shares; outstanding 197,267,943 and 195,913,400 shares at June 30, 2012 and December 31, 2011, respectively 2 2
Additional paid-in capital 999 963
Accumulated other comprehensive loss (358) (348)
Retained earnings 2,587 2,337
Total Starwood stockholders' equity 3,230 2,954
Noncontrolling interest 5 1
Total stockholders' equity 3,235 2,955
Total liabilities and stockholders' equity $ 8,989 $ 9,560