Starwood 2009 Annual Report Download - page 128

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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
2009 2008 2007
Year Ended December 31,
(In millions)
Net income ....................................................... $ 71 $329 $543
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments ................................ 86 (190) 84
Less: Recognition of accumulated foreign currency translation adjustments on
sold hotels ................................................... (13) — —
Defined benefit pension plans net gains (losses) arising during the year ......... 10 (61) 1
Net curtailment and settlement gains ................................. 23 1 —
Amortization of acturial gains and losses included in net periodic pension cost . . 5 2 2
Change in fair value of derivatives..................................... — 4 —
Reclassification adjustments for gains (losses) included in net income ......... (6) 2 —
Change in fair value of investments .................................... 3 (1) (3)
Reclassification for gains and amortization included in net income ........... — (1) (3)
108 (244) 81
Comprehensive income ............................................... 179 85 624
Comprehensive (income) loss attributable to noncontrolling interests ........... 2 — (1)
Foreign currency translation adjustments attributable to noncontrolling interests . . . 1 — —
Comprehensive income (loss) attributable to Starwood ........................ $182 $ 85 $623
The accompanying notes to financial statements are an integral part of the above statements
F-5