Starwood 2010 Annual Report Download - page 121

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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
2010 2009 2008
Year Ended December 31,
(In millions)
Net income ....................................................... $475 $ 71 $ 329
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments .................................. 4 86 (190)
Less: Recognition of accumulated foreign currency translation adjustments on sold
hotels ........................................................ — (13) —
Defined benefit pension and postretirement benefit plans net gains (losses) arising
during the year ................................................. (4) 10 (61)
Net curtailment and settlement gains ................................. — 23 1
Amortization of actuarial gains and losses included in net periodic pension
cost ........................................................ 1 5 2
Change in fair value of derivatives ...................................... (1) — 4
Reclassification adjustments for losses (gains) included in net income .......... 1 (6) 2
Change in fair value of investments...................................... (1) 3 (1)
Reclassification for gains and amortization included in net income ............. — — (1)
— 108 (244)
Comprehensive income ............................................... 475 179 85
Comprehensive (income) loss attributable to noncontrolling interests ........... 2 2 —
Foreign currency translation adjustments attributable to noncontrolling interests . . . (1) 1 —
Comprehensive income (loss) attributable to Starwood ........................ $476 $182 $ 85
The accompanying notes to financial statements are an integral part of the above statements.
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