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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,575 $ 1,023
Restricted cash 19 18
Accounts receivable, net of allowance for doubtful accounts of $76 and $69 630 575
Inventories 15 15
Prepaid expenses and other 114 130
Current assets held for sale   534
Total current assets 2,353 2,295
Investments 178 170
Plant, property and equipment, net 1,478 1,673
Goodwill and intangible assets, net 1,769 1,744
Deferred income taxes 694 714
Other assets 447 428
Long-term assets held for sale 3 1,233
Total assets 6,922 8,257
Current liabilities:    
Short-term borrowings and current maturities of long-term debt 34 32
Accounts payable 74 86
Accrued expenses 1,238 1,217
Accrued salaries, wages and benefits 340 361
Accrued taxes and other 292 285
Current liabilities held for sale   255
Total current liabilities 1,978 2,236
Long-term debt 2,380 2,144
Deferred income taxes 21 32
Other liabilities 2,366 2,389
Long-term liabilities held for sale   157
Total liabilities 6,745 6,958
Commitments and contingencies
Stockholders’ equity:    
Common stock; $0.01 par value; authorized 1,000,000,000 shares; outstanding 169,535,729 and 168,754,605 shares at June 30, 2016 and December 31, 2015, respectively 2 2
Additional paid-in capital 135 115
Accumulated other comprehensive loss (468) (668)
Retained earnings 505 1,847
Total Starwood stockholders’ equity 174 1,296
Noncontrolling interest 3 3
Total equity 177 1,299
Total liabilities and equity $ 6,922 $ 8,257