Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Stockholders' Equity

Note 15. Stockholders’ Equity

The following tables represent changes in stockholders’ equity that are attributable to our stockholders and non-controlling interests for the three and six months ended June 30, 2013 (in millions):

				Equity Attributable to Starwood Stockholders
	Total			Common Shares		Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings		Equity Attributable to Noncontrolling Interests
Balance at March 31, 2013	$	3,345		$	2	$	820		$	(350	)	$	2,870	$	3
Net income		138			—		—			—			137		1
Equity compensation activity and other		41			—		41			—			—		—
Share repurchases		(8	)		—		(8	)		—			—		—
Other comprehensive income (loss)		(35	)		—		—			(36	)		—		1
Balance at June 30, 2013	$	3,481		$	2	$	853		$	(386	)	$	3,007	$	5
				Equity Attributable to Starwood Stockholders
	Total			Common Shares		Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings		Equity Attributable to Noncontrolling Interests
Balance at December 31, 2012	$	3,142		$	2	$	816		$	(338	)	$	2,657	$	5
Net income		350			—		—			—			350		—
Equity compensation activity and other		93			—		93			—			—		—
Share repurchases		(56	)		—		(56	)		—			—		—
Other comprehensive income (loss)		(48	)		—		—			(48	)		—		—
Balance at June 30, 2013	$	3,481		$	2	$	853		$	(386	)	$	3,007	$	5

Share Issuances and Repurchases. During the three and six months ended June 30, 2013, we issued approximately 530,000 and 2.1 million of our common shares, respectively, as a result of stock option exercises. During the three months ended March 31, 2013, our Board of Directors authorized a $500 million increase to the share repurchase program. During the three months ended June 30, 2013, we repurchased approximately 140,000 common shares at a weighted average price of $59.77 for a total cost of approximately $8 million. During the six months ended June 30, 2013, we repurchased approximately 950,000 common shares at a weighted average price of $59.35 for a total cost of approximately $56 million. As of June 30, 2013, $624 million remained available under the share repurchase authorization approved by our Board of Directors.