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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 1,066 $ 935
Restricted cash 27 84
Accounts receivable, net of allowance for doubtful accounts of $85 and $63 660 661
Inventories 256 236
Securitized vacation ownership notes receivable, net of allowance for doubtful accounts of $3 and $4 33 47
Deferred income taxes 178 199
Prepaid expenses and other 148 159
Total current assets 2,368 2,321
Investments 187 214
Plant, property and equipment, net 2,185 2,634
Goodwill and intangible assets, net 1,894 1,956
Deferred income taxes 592 596
Other assets 805 711
Securitized vacation ownership notes receivable, net 154 227
Total assets 8,185 8,659
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 299 297
Accounts payable 102 101
Current maturities of long-term securitized vacation ownership debt 51 73
Accrued expenses 1,331 1,307
Accrued salaries, wages and benefits 397 416
Accrued taxes and other 299 256
Total current liabilities 2,479 2,450
Long-term debt 1,874 2,398
Long-term securitized vacation ownership debt 137 176
Deferred income taxes 41 38
Other liabilities 2,400 2,069
Total liabilities $ 6,931 $ 7,131
Commitments and contingencies
Stockholders’ equity:    
Common stock; $0.01 par value; authorized 1,000,000,000 shares; outstanding 169,307,152 and 172,694,299 shares at September 30, 2015 and December 31, 2014, respectively $ 2 $ 2
Additional paid-in capital 98 47
Accumulated other comprehensive loss (636) (508)
Retained earnings 1,787 1,984
Total Starwood stockholders’ equity 1,251 1,525
Noncontrolling interests 3 3
Total equity 1,254 1,528
Total liabilities and equity $ 8,185 $ 8,659