Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2015

Equity Attributable to Starwood's Stockholders

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, 2015 (in millions):

				Equity Attributable to Starwood Stockholders
						Additional		Accumulated Other						Equity Attributable to
	Total			Common Shares		Paid-in Capital		Comprehensive Loss			Retained Earnings			Noncontrolling Interests
Balance at June 30, 2015	$	1,344		$	2	$	74	$	(598	)	$	1,863		$	3
Net income		88			—		—		—			88			—
Equity compensation activity and other		24			—		24		—			—			—
Dividends		(64	)		—		—		—			(64	)		—
Share repurchases		(100	)		—		—		—			(100	)		—
Other comprehensive income		(38	)		—		—		(38	)		—			—
Balance at September 30, 2015	$	1,254		$	2	$	98	$	(636	)	$	1,787		$	3

				Equity Attributable to Starwood Stockholders
						Additional		Accumulated Other						Equity Attributable to
	Total			Common Shares		Paid-in Capital		Comprehensive Loss			Retained Earnings			Noncontrolling Interests
Balance at December 31, 2014	$	1,528		$	2	$	47	$	(508	)	$	1,984		$	3
Net income		323			—		—		—			323			—
Equity compensation activity and other		51			—		51		—			—			—
Dividends		(192	)		—		—		—			(192	)		—
Share repurchases		(328	)		—		—		—			(328	)		—
Other comprehensive income		(128	)		—		—		(128	)		—			—
Balance at September 30, 2015	$	1,254		$	2	$	98	$	(636	)	$	1,787		$	3

Summary of Changes in Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss. The following table presents the changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2015 (in millions):

	For the Nine Months Ended September 30, 2015 ^(a)
	Cash Flow Hedges ^(b)			Net Investment Hedges			Defined Benefit Pension and Postretirement Benefit Plans ^(c)			Foreign Currency Translation Adjustments ^(d)			Total
Balance at December 31, 2014	$	2		$	1		$	(77	)	$	(434	)	$	(508	)
Other comprehensive income (loss) before reclassifications		4			(3	)		—			(127	)		(126	)
Amounts reclassified from accumulated other comprehensive income (loss)		(4	)		—			2			—			(2	)
Total before tax		—			(3	)		2			(127	)		(128	)
Tax (expense) benefit		(1	)		1			—			—			—
Net current year other comprehensive income (loss)		(1	)		(2	)		2			(127	)		(128	)
Balance at September 30, 2015	$	1		$	(1	)	$	(75	)	$	(561	)	$	(636	)

(a)	Amounts in parentheses indicate debits.

(b)	Pretax gains and losses on forward contract cash flow hedges are reclassified to management fees, franchise fees and other income.

(c)	Pretax amortization of defined benefit pension and postretirement benefit plans is reclassified to selling, general, administrative and other.

(d)	Gains of $41 million related to intra-entity foreign currency transactions that are of a long-term investment nature are included in other comprehensive loss in the nine months ended September 30, 2015.