XML 49 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 651 $ 454
Restricted cash 158 232
Accounts receivable, net of allowance for doubtful accounts of $50 and $46 575 569
Inventories 414 812
Securitized vacation ownership notes receivable, net of allowance for doubtful accounts of $8 and $10 58 64
Prepaid expenses and other 138 125
Deferred income taxes 256 278
Total current assets 2,250 2,534
Investments 261 259
Plant, property and equipment, net 3,134 3,175
Assets held for sale, net 118 127
Goodwill and intangible assets, net 2,013 2,025
Deferred tax assets 624 639
Other assets 461 355
Securitized vacation ownership notes receivable, net 348 446
Total assets 9,209 9,560
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 1 3
Accounts payable 111 144
Current maturities of long-term securitized vacation ownership debt 111 130
Accrued expenses 1,140 1,177
Accrued salaries, wages and benefits 363 375
Accrued taxes and other 156 163
Total current liabilities 1,882 1,992
Long-term debt 1,653 2,194
Long-term securitized vacation ownership debt 299 402
Deferred income taxes 46 46
Other liabilities 1,951 1,971
Total Liabilities 5,831 6,605
Commitments and contingencies      
Stockholders' equity:    
Common stock; $0.01 par value; authorized 1,000,000,000 shares; outstanding 195,939,892 and 195,913,400 shares at September 30, 2012 and December 31, 2011, respectively 2 2
Additional paid-in capital 951 963
Accumulated other comprehensive loss (337) (348)
Retained earnings 2,757 2,337
Total Starwood stockholders' equity 3,373 2,954
Noncontrolling interest 5 1
Total stockholders' equity 3,378 2,955
Total liabilities and stockholders' equity $ 9,209 $ 9,560