Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Revenues and Segment Earnings

The following tables present revenues and segment earnings for our reportable segments (in millions):

	Three Months Ended March 31,
	2015		2014
Revenues:
Americas (a)	$	369	$	390
EAME		98		119
Asia Pacific		65		82
Vacation ownership and residential		186		172
Total segment revenues		718		763
Other revenues from managed and franchised hotels		672		672
Other corporate revenues – unallocated		25		23
	$	1,415	$	1,458

(a) Includes revenues of $267 million and $263 million for the three months ended March 31, 2015 and 2014, respectively, from hotels located in the United States of America. No other country contributed more than 10% of our total revenues.

	Three Months Ended March 31,
	2015			2014
Segment earnings:
Americas	$	165		$	176
EAME		29			24
Asia Pacific		46			56
Vacation ownership and residential		49			44
Total segment earnings		289			300
Other corporate unallocated		26			23
Corporate selling, general, administrative and other – unallocated		(41	)		(42	)
Gain (loss) on asset dispositions and impairments, net		14			(36	)
Restructuring and other special (charges) credits		(31	)		—
Adjustments to equity earnings (a)		(5	)		(9	)
Interest expense		(32	)		(24	)
Depreciation and amortization		(69	)		(68	)
Discontinued operations		—			1
Income tax benefit (expense)		(52	)		(8	)
Net income attributable to Starwood	$	99		$	137

(a) Includes impairment losses, certain gains on hotel sales, interest expense, depreciation, and amortization expense related to equity earnings not allocated to segment earnings.