Starwood 2008 Annual Report Download - page 109

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The following table sets forth the scheduled maturities and the total fair value of our debt portfolio and other
financial instruments as of year-end 2008 (in millions, excluding interest rates):
2009 2010 2011 2012 2013 Thereafter
Total at
December 31,
2008
Total Fair
Value at
December 31,
2008
Expected Maturity or Transaction Date
At December 31,
Liabilities
Fixed rate . . . ............ $ 6 $ 5 $ 8 $804 $653 $901 $2,377 $1,599
Average interest rate . ...... 7.16%
Floating rate . ............ $500 $500 $588 $ 43 $ — $ — $1,631 $1,631
Average interest rate . ...... 2.43%
Forward Foreign Exchange
Hedge Contracts:
Fixed (EUR) to Fixed
(USD) ................ $ 51 $ — $ — $ — $ — $ — $ 5 $ 5
Average Exchange rate ...... 1.39
Fixed (CAD) to Fixed
(USD) ................ $ 4 $ — $ — $ — $ — $ — $ 1 $ 1
Average Exchange rate ...... .81
Forward Foreign Exchange
Contracts:
Fixed (EUR) to Fixed
(USD) ................ $198 $ — $ — $ — $ — $ — $ (1) $ (1)
Average Exchange rate ...... 1.41
Fixed (ARS) to Fixed
(USD) ................ $ 15 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate ...... .28
Fixed (CLP) to Fixed (USD). . $ 15 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate ...... .00
Fixed (MYR) to Fixed
(USD) ................ $ 18 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate ...... .29
Fixed (JPY) to Fixed (USD) . . $ 12 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate ...... .01
Fixed (CAD) to Fixed
(USD) ................ $ 8 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate ...... .84
Fixed (AUD) to Fixed
(USD) ................ $ 22 $ — $ — $ — $ — $ — $ (1) $ (1)
Average Exchange rate ...... .70
Fixed (JPY) to Fixed (SGD) . . $ 6 $ — $ — $ — $ — $ — $ — $ —
Fixed (SGD) to Fixed
(THB) ................ $ 5 $ — $ — $ — $ — $ — $ — $ —
Fixed (AUD) to Fixed
(EUR) ................ $ 43 $ — $ — $ — $ — $ — $ (1) $ (1)
Fixed (GBP) to Fixed
(EUR) ................ $ 27 $ — $ — $ — $ — $ — $ — $ —
Fixed (JPY) to Fixed (THB) . . $ 6 $ — $ — $ — $ — $ — $ — $ —
43