Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 1,180	$ 1,048
Restricted cash	68	54
Accounts receivable, net of allowance for doubtful accounts of $83 and $78	671	690
Inventories	355	319
Securitized vacation ownership notes receivable, net of allowance for doubtful accounts of $2 and $2	31	32
Prepaid expenses and other	175	152
Total current assets	2,480	2,295
Investments	197	183
Plant, property and equipment, net	2,068	2,144
Goodwill and intangible assets, net	1,948	1,908
Deferred income taxes	757	747
Other assets	867	839
Securitized vacation ownership notes receivable, net	127	141
Total assets	8,444	8,257
Current liabilities:
Short-term borrowings and current maturities of long-term debt	34	33
Accounts payable	115	98
Current maturities of long-term securitized vacation ownership debt	45	48
Accrued expenses	1,399	1,354
Accrued salaries, wages and benefits	325	400
Accrued taxes and other	312	303
Total current liabilities	2,230	2,236
Long-term debt	2,318	2,144
Long-term securitized vacation ownership debt	111	123
Deferred income taxes	31	34
Other liabilities	2,407	2,421
Total liabilities	$ 7,097	$ 6,958
Commitments and contingencies
Stockholders’ equity:
Common stock; $0.01 par value; authorized 1,000,000,000 shares; outstanding 169,537,501 and 168,754,605 shares at March 31, 2016 and December 31, 2015, respectively	$ 2	$ 2
Additional paid-in capital	115	115
Accumulated other comprehensive loss	(645)	(668)
Retained earnings	1,872	1,847
Total Starwood stockholders’ equity	1,344	1,296
Noncontrolling interest	3	3
Total equity	1,347	1,299
Total liabilities and equity	$ 8,444	$ 8,257