Stockholders' Equity

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Stockholders' Equity

Note 16. Stockholders’ Equity

The following tables represent changes in stockholders’ equity that are attributable to our stockholders and non-controlling interests for the three and nine months ended September 30, 2013 (in millions):

				Equity Attributable to Starwood Stockholders
	Total			Common Shares		Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings		Equity Attributable to Noncontrolling Interests
Balance at June 30, 2013	$	3,481		$	2	$	853		$	(386	)	$	3,007	$	5
Net income		157			—		—			—			157		—
Equity compensation activity and other		32			—		32			—			—		—
Share repurchases		(181	)		—		(181	)		—			—		—
Other comprehensive income (loss)		32			—		—			32			—		—
Balance at September 30, 2013	$	3,521		$	2	$	704		$	(354	)	$	3,164	$	5

				Equity Attributable to Starwood Stockholders
	Total			Common Shares		Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings		Equity Attributable to Noncontrolling Interests
Balance at December 31, 2012	$	3,142		$	2	$	816		$	(338	)	$	2,657	$	5
Net income		507			—		—			—			507		—
Equity compensation activity and other		125			—		125			—			—		—
Share repurchases		(237	)		—		(237	)		—			—		—
Other comprehensive income (loss)		(16	)		—		—			(16	)		—		—
Balance at September 30, 2013	$	3,521		$	2	$	704		$	(354	)	$	3,164	$	5

Share Issuances and Repurchases. During the three and nine months ended September 30, 2013, we issued approximately 370,000 and 2.5 million of our common shares, respectively, as a result of stock option exercises. During the three months ended March 31, 2013, our Board of Directors authorized a $500 million increase to the share repurchase program. During the three months ended September 30, 2013, we repurchased approximately 2,731,300 common shares at a weighted average price of $66.14 for a total cost of approximately $181 million. During the nine months ended September 30, 2013, we repurchased approximately 3,678,400 common shares at a weighted average price of $64.39 for a total cost of approximately $237 million. Through October 18, 2013, we repurchased an additional 1,138,000 common shares at an average price of $66.69. These shares were included in the number of shares outstanding as of September 30, 2013. As of September 30, 2013, $443 million remained available under the share repurchase authorization approved by our Board of Directors.