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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2012
Business Segment Information [Abstract]  
Revenues, Adjusted EBITDA, EBITDA from Unconsolidated Ventures, Capital Expenditures, Total Assets, and Investments
                 
    Three Months Ended
March 31,
 
    2012     2011  

Revenues:

               

Americas (a)

  $ 403     $ 397  

EAME

    106       112  

Asia Pacific

    82       69  

Vacation ownership and residential

    508       147  
   

 

 

   

 

 

 

Total segment revenues

    1,099       725  

Other revenues from managed and franchised hotels

    598       555  

Other corporate revenues- unallocated

    18       15  
   

 

 

   

 

 

 
    $ 1,715     $ 1,295  
   

 

 

   

 

 

 

 

 

(a) Includes revenues of $274 million and $278 million for the three months ended March 31, 2012 and 2011, respectively, from hotels located in the United States of America. No other country contributed more than 10% of the Company’s total revenues.

 

                 
    Three Months Ended
March 31,
 
    2012     2011  

Segment earnings:

               

Americas

  $ 127     $ 122  

EAME

    21       24  

Asia Pacific

    56       48  

Vacation ownership and residential

    116       36  
   

 

 

   

 

 

 

Total segment earnings

    320       230  

Other corporate unallocated

    19       15  

Corporate selling, general, administrative and other—unallocated

    (42     (37

Gain (loss) on asset dispositions and impairments, net

    (7     (33

Restructuring, goodwill and other special charges (credits)

    11       —    

Adjustments to equity earnings (a)

    (8     (13

Interest expense

    (49     (55

Depreciation and amortization

    (63     (68

Discontinued operations, net

    (1     (1

Income taxes

    (52     (10
   

 

 

   

 

 

 

Net income attributable to Starwood

  $ 128     $ 28  
   

 

 

   

 

 

 

 

a) Includes interest expense, depreciation, and amortization expense related to equity earnings not allocated to segment earnings.

 

                 
    Three Months Ended
March 31,
 
    2012     2011  

Earnings from unconsolidated ventures included in segment earnings is as follows:

               

Americas

  $ 8     $ 7  

EAME

    —         —    

Asia Pacific

    10       10  

Vacation ownership and residential

    —         —    
   

 

 

   

 

 

 

Total earnings from unconsolidated ventures

  $ 18     $ 17  
   

 

 

   

 

 

 

 

                 
    Three Months Ended
March 31,
 
    2012     2011  

Capital expenditures:

               

Americas

  $ 32     $ 29  

EAME

    20       12  

Asia Pacific

    1       1  

Vacation ownership and residential (a)

    9       29  
   

 

 

   

 

 

 

Total segment capital expenditures

    62       71  

Other corporate unallocated

    18       18  
   

 

 

   

 

 

 
    $ 80     $ 89  
   

 

 

   

 

 

 

                 
     March 31,
2012
    December 31,
2011
 

Assets:

               

Americas

  $ 2,415     $ 2,307  

EAME

    879       830  

Asia Pacific

    621       610  

Vacation ownership and residential

    1,694       2,056  
   

 

 

   

 

 

 

Total segment assets (a)

    5,609       5,803  

Other corporate assets

    3,915       3,757  
   

 

 

   

 

 

 
    $ 9,524     $ 9,560  
   

 

 

   

 

 

 

 

(a) Includes long-lived assets of $1.8 billion and $1.8 billion at March 31, 2012 and December 31, 2011, respectively, located in the United States of America. No other country contributed more than 10% of the Company’s total long-lived assets.

 

                 
     March 31,
2012
    December 31,
2011
 

Investments in unconsolidated ventures:

               

Americas

  $ 78     $ 70  

EAME

    22       22  

Asia Pacific

    141       137  

Vacation ownership and residential

    30       30  
   

 

 

   

 

 

 

Total investments in unconsolidated ventures

  $ 271     $ 259