Stockholders' Equity

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Stockholders' Equity

Note 15. Stockholders’ Equity

The following tables represent changes in stockholders’ equity that are attributable to our stockholders and non-controlling interests for the three months ended March 31, 2014 (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 December 31, 2013	$	3,363		$	2	$	661	$	(335	)	$	3,032		$	3
Net income		137			—		—		—			137			—
Equity compensation activity and other		14			—		14		—			—			—
Dividends		(194	)		—		—		—			(194	)		—
Other comprehensive income (loss)		—			—		—		—			—			—
Balance at March 31, 2014	$	3,320		$	2	$	675	$	(335	)	$	2,975		$	3

Share Issuances and Repurchases. During the three months ended March 31, 2014, we issued approximately 0.2 million of our common shares as a result of stock option exercises. During the three months ended March 31, 2014, we made no repurchases under our share repurchase authorization. As of March 31, 2014, $614 million remained available under the share repurchase authorization approved by our Board of Directors.

Dividends. In March 2014, we paid approximately $190 million of dividends, or $1.00 per share consisting of a quarterly dividend of $0.35 per share and a special dividend of $0.65 per share, to stockholders of record as of March 11, 2014. In addition, we accrued dividends of approximately $4 million related to unvested equity awards, which will be paid when the awards lapse.

Other Comprehensive Income. During the three months ended March 31, 2014 and 2013, gains included in accumulated other comprehensive loss related to intra-entity foreign currency transactions that are of a long-term investment nature amounted to zero and $15 million, respectively.