Starwood 2009 Annual Report Download - page 164
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The following tables summarize the fair value of our derivative instruments, the effect of derivative
instruments on our Consolidated Statements of Comprehensive Income, the amounts reclassified from “Other
comprehensive income” and the effect on the Consolidated Statements of Income during the year.
Fair Value of Derivative Instruments
(in millions)
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
December 31, 2009 December 31, 2008
Derivatives designated as hedging instruments
Asset Derivatives
Forward contracts ........................ Prepaid and other $— Prepaid and other $6
current assets current assets
Interest rate swaps ........................ Other assets 7 Other assets —
Total assets ........................... $7 $6
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
December 31, 2009 December 31, 2008
Derivatives not designated as hedging
instruments
Asset Derivatives
Forward contracts ........................ Prepaid and other $— Prepaid and other $—
current assets current assets
Total assets ........................... $— $—
Liability Derivatives
Forward contracts ........................ Accrued expenses $7 Accrued expenses $3
Total liabilities ........................ $7 $3
F-41
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
NOTES TO FINANCIAL STATEMENTS — (Continued)