Starwood 2007 Annual Report Download - page 125

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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
2007 2006 2005
Year Ended December 31,
(In millions)
Net income ....................................................... $542 $1,043 $422
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments ................................. 84 72 (60)
Recognition of accumulated foreign currency translation adjustments on sold
hotels ......................................................... — 29 —
Pension liability adjustments
(a)
........................................ 3 2 (6)
Unrealized holding losses ............................................ (6) (1) (1)
81 102 (67)
Comprehensive income .............................................. $623 $1,145 $355
(a) Includes actuarial gain of $1 million and amortization included in net periodic pension cost of $2 million for
the year ended December 31, 2007.
The accompanying notes to financial statements are an integral part of the above statements.
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