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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Owned, leased and consolidated joint venture hotels $ 453 $ 478 $ 855 $ 888
Vacation ownership and residential sales and services 316 146 830 299
Management fees, franchise fees and other income 222 201 423 378
Other revenues from managed and franchised properties 627 601 1,225 1,156
Total Revenues 1,618 1,426 3,333 2,721
Costs and Expenses        
Owned, leased and consolidated joint venture hotels 360 381 709 742
Vacation ownership and residential 241 112 634 223
Selling, general, administrative and other 86 88 182 168
Restructuring, goodwill impairment and other special charges (credits), net 0 0 (11) 0
Depreciation 56 60 113 120
Amortization 6 7 12 15
Other expenses from managed and franchised properties 627 601 1,225 1,156
Total Costs and Expenses 1,376 1,249 2,864 2,424
Operating income 242 177 469 297
Equity (losses) earnings and gains and losses from unconsolidated ventures, net 5 7 15 11
Interest expense, net of interest income of $1, $0, $1 and $1 (61) (52) (110) (106)
Gain (loss) on asset dispositions and impairments, net (1) 2 (8) (31)
Income from continuing operations before taxes and noncontrolling interests 185 134 366 171
Income tax benefit (expense) (56) 16 (108) 6
Income (loss) from continuing operations 129 150 258 177
Discontinued operations:        
Gain (loss) on dispositions, net of tax (benefit) expense of $(2), $1, $(1) and $2 (7) (19) (8) (20)
Net income 122 131 250 157
Net loss (income) attributable to noncontrolling interests 0 0 0 2
Net income attributable to Starwood 122 131 250 159
Earnings (Losses) Per Share - Basic        
Continuing operations $ 0.67 $ 0.79 $ 1.34 $ 0.95
Discontinued operations $ (0.04) $ (0.10) $ (0.04) $ (0.11)
Net income $ 0.63 $ 0.69 $ 1.30 $ 0.84
Earnings (Losses) Per Share - Diluted        
Continuing operations $ 0.66 $ 0.77 $ 1.31 $ 0.92
Discontinued operations $ (0.04) $ (0.09) $ (0.04) $ (0.10)
Net income $ 0.62 $ 0.68 $ 1.27 $ 0.82
Amounts attributable to Starwood's Common Shareholders        
Income (loss) from continuing operations 129 150 258 179
Discontinued operations (7) (19) (8) (20)
Net income $ 122 $ 131 $ 250 $ 159
Weighted average number of shares 195 189 193 188
Weighted average number of shares assuming dilution 198 195 197 195