Earnings (Losses) per Share (Tables)

12 Months Ended

Dec. 31, 2012

Reconciliation of Basic Earnings Per Share to Diluted Earnings Per Share for Income from Continuing Operations

The following is a reconciliation of basic earnings per share to diluted earnings per share for income from continuing operations attributable to Starwood’s common shareholders (in millions, except per share data):

	Year Ended December 31,
	2012						2011						2010
	Earnings		Shares		Per Share		Earnings		Shares		Per Share		Earnings		Shares		Per Share
Basic earnings from continuing operations attributable to Starwood’s common shareholders	$	470		193	$	2.44	$	502		189	$	2.65	$	310		183	$	1.70
Effect of dilutive securities:
Employee options and restricted stock awards		-		4				-		6				-		7
Diluted earnings from continuing operations attributable to Starwood’s common shareholders	$	470		197	$	2.39	$	502		195	$	2.57	$	310		190	$	1.63