Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 735	$ 935
Restricted cash	42	84
Accounts receivable, net of allowance for doubtful accounts of $72 and $63	675	661
Inventories	246	236
Securitized vacation ownership notes receivable, net of allowance for doubtful accounts of $3 and $4	44	47
Deferred income taxes	171	199
Prepaid expenses and other	182	159
Total current assets	2,095	2,321
Investments	204	214
Plant, property and equipment, net	2,320	2,634
Goodwill and intangible assets, net	1,912	1,956
Deferred income taxes	579	596
Other assets	750	711
Securitized vacation ownership notes receivable, net	193	227
Total assets	8,053	8,659
Current liabilities:
Short-term borrowings and current maturities of long-term debt	299	297
Accounts payable	94	101
Current maturities of long-term securitized vacation ownership debt	57	73
Accrued expenses	1,324	1,307
Accrued salaries, wages and benefits	373	416
Accrued taxes and other	261	256
Total current liabilities	2,408	2,450
Long-term debt	1,841	2,398
Long-term securitized vacation ownership debt	151	176
Deferred income taxes	35	38
Other liabilities	2,274	2,069
Total liabilities	$ 6,709	$ 7,131
Commitments and contingencies
Stockholders’ equity:
Common stock; $0.01 par value; authorized 1,000,000,000 shares; outstanding 170,603,937 and 172,694,299 shares at June 30, 2015 and December 31, 2014, respectively	$ 2	$ 2
Additional paid-in capital	74	47
Accumulated other comprehensive loss	(598)	(508)
Retained earnings	1,863	1,984
Total Starwood stockholders’ equity	1,341	1,525
Noncontrolling interests	3	3
Total equity	1,344	1,528
Total liabilities and equity	$ 8,053	$ 8,659