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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2011
Business Segment Information [Abstract]  
Revenues, Adjusted Ebitda, Ebitda from Unconsolidated Ventures, Capital Expenditures, Total Assets, and Investments
                         
    2011     2010     2009  

Revenues:

                       

Americas (a)

  $ 1,630     $ 1,597     $ 1,498  

EAME

    592       529       486  

Asia Pacific

    303       235       204  

Vacation ownership and residential

    688       526       516  
   

 

 

   

 

 

   

 

 

 

Total segment revenues

    3,213       2,887       2,704  

Other revenues from managed and franchised hotels

    2,339       2,117       1,931  

Other corporate revenues - unallocated

    72       67       61  
   

 

 

   

 

 

   

 

 

 
    $ 5,624     $ 5,071     $ 4,696  
   

 

 

   

 

 

   

 

 

 

 

(a) Includes revenues of $1.1 billion for the years ended 2011, 2010 and 2009, respectively, from hotels located in the United States of America. No other country contributed more than 10% of the Company’s total revenues.

 

                         
    2011     2010     2009  

Segment earnings:

                       

Americas

  $ 555     $ 484     $ 456  

EAME

    204       191       188  

Asia Pacific

    186       165       110  

Vacation ownership and residential

    170       123       97  
   

 

 

   

 

 

   

 

 

 

Total segment earnings

    1,115       963       851  

Other corporate unallocated

    74       67       64  

Corporate selling, general, administrative and other—unallocated

    (156     (151     (139

Gain (loss) on asset dispositions and impairments, net

    —         (39     (91

Restructuring, goodwill and other special charges (credits)

    (68     75       (379

Adjustments to equity earnings (a)

    (54     (56     (56

Interest expense

    (219     (238     (230

Depreciation and amortization (b)

    (265     (285     (309

Discontinued operations

    (13     168       69  

Income taxes

    75       (27     293  
   

 

 

   

 

 

   

 

 

 

Net income attributable to Starwood

  $ 489     $ 477     $ 73  
   

 

 

   

 

 

   

 

 

 

 

(a) Includes interest expense, depreciation, and amortization expense related to equity earnings not allocated to segment earnings.
(b) In 2009, includes depreciation expense of $9 million recorded in discontinued operations.

 

                         
    2011     2010     2009  

Earnings from unconsolidated ventures included in segment earnings is as follows:

                       

Americas

  $ 29     $ 29     $ 23  

EAME

    1       2       —    

Asia Pacific

    32       33       27  

Vacation ownership and residential

    3       2       2  
   

 

 

   

 

 

   

 

 

 

Total earnings from unconsolidated ventures

  $ 65     $ 66     $ 52  
   

 

 

   

 

 

   

 

 

 
                         
    2011     2010     2009  

Capital expenditures:

                       

Americas

  $ 174     $ 155     $ 150  

EAME

    100       23       12  

Asia Pacific

    9       6       9  

Vacation ownership and residential (a)

    70       151       145  
   

 

 

   

 

 

   

 

 

 

Total segment capital expenditures

    353       335       316  

Other corporate unallocated

    124       42       27  
   

 

 

   

 

 

   

 

 

 
    $ 477     $ 377     $ 343  
   

 

 

   

 

 

   

 

 

 

 

(a) Represents gross inventory capital expenditures less cost of sales of $14 million, $112 million and $108 million for the years ended 2011, 2010 and 2009, respectively. Additionally, includes development capital of $56 million, $39 million and $37 million for the years ended 2011, 2010 and 2009, respectively.

 

                         
    December 2011     December 2010     December 2009  

Assets:

                       

Americas

  $ 2,307     $ 2,543     $ 2,732  

EAME

    830       882       750  

Asia Pacific

    610       594       527  

Vacation ownership and residential

    2,056       1,989       1,488  
   

 

 

   

 

 

   

 

 

 

Total segment assets (a)

    5,803       6,008       5,497  

Other corporate assets

    3,757       3,768       3,264  
   

 

 

   

 

 

   

 

 

 
    $ 9,560     $ 9,776     $ 8,761  
   

 

 

   

 

 

   

 

 

 

 

(a) Includes long-lived assets of $1.8 billion, $2.0 billion and $2.2 billion at December 31, 2011, 2010 and 2009, respectively, located in the United States of America. No other country contributed more than 10% of the Company’s total long-lived assets.

 

                         
    December 2011     December 2010     December 2009  

Investments in unconsolidated ventures:

                       

Americas

  $ 70     $ 77     $ 100  

EAME

    22       37       55  

Asia Pacific

    137       171       163  

Vacation ownership and residential

    30       27       50  
   

 

 

   

 

 

   

 

 

 

Total investments in unconsolidated ventures

  $ 259     $ 312     $ 368