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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Owned, leased and consolidated joint venture hotels $ 291 $ 332 $ 526 $ 623
Residential sales and services 2 1 3 2
Management fees, franchise fees and other income 273 255 528 494
Other revenues from managed and franchised properties 680 653 1,333 1,281
Total revenues 1,246 1,241 2,390 2,400
Costs and Expenses        
Owned, leased and consolidated joint venture hotels 216 248 416 490
Residential and other   1 1 3
Selling, general, administrative and other 93 99 179 190
Restructuring and other special charges (credits), net 16 12 48 37
Depreciation 52 56 104 109
Amortization 8 7 16 14
Other expenses from managed and franchised properties 680 653 1,333 1,281
Total cost and expenses 1,065 1,076 2,097 2,124
Operating income 181 165 293 276
Equity earnings and gains from unconsolidated ventures, net 9 12 20 26
Interest expense, net of interest income of $2, $1, $3 and $2 (24) (26) (45) (54)
Gain (loss) on asset dispositions and impairments, net (114)   (112) 14
Income from continuing operations before taxes and noncontrolling interests 52 151 156 262
Income tax expense (87) (33) (118) (69)
Income (loss) from continuing operations (35) 118 38 193
Discontinued operations:        
Income from operations, net of tax (benefit) expense of $3, $15, $27 and $33 13 25 35 53
Loss on dispositions, net of tax expense (benefit) of $(3), $(4), $(5) and $(6) (241) (7) (246) (11)
Net income (loss) attributable to Starwood $ (263) $ 136 $ (173) $ 235
Earnings (Losses) Per Share — Basic        
Continuing operations $ (0.20) $ 0.69 $ 0.23 $ 1.13
Discontinued operations (1.36) 0.11 (1.26) 0.25
Net income (loss) (1.56) 0.80 (1.03) 1.38
Earnings (Losses) Per Share — Diluted        
Continuing operations (0.20) 0.69 0.23 1.13
Discontinued operations (1.36) 0.10 (1.25) 0.24
Net income (loss) $ (1.56) $ 0.79 $ (1.02) $ 1.37
Weighted average number of shares 168 169 168 170
Weighted average number of shares assuming dilution 168 170 169 171
Dividends declared per share $ 0.375 $ 0.375 $ 0.75 $ 0.75