Starwood 2011 Annual Report Download - page 111

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Expected Maturity or Transaction Date
At December 31, Total at
December 31,
2011
Total Fair
Value at
December 31,
20112012 2013 2014 2015 2016 Thereafter
Forward Foreign Exchange
Contracts:
Fixed (EUR) to Fixed (USD) ..... $104 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate .......... 1.30
Fixed (CLP) to Fixed (USD) ...... $ 56 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate .......... .00
Fixed (THB) to Fixed (USD) ..... $ 14 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate .......... .03
Fixed (JPY) to Fixed (USD) ...... $ 77 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate .......... .01
Fixed (MXP) to Fixed (USD) .....$4$—$—$—$— $— $— $—
Average Exchange rate .......... .07
Fixed (AUD) to Fixed (USD) ..... $ 38 $ — $ — $ — $ — $ — $ — $ —
Average Exchange rate .......... .98
Fixed (CAD) to Fixed (USD) ..... $283 $ — $ — $ — $ — $ — $ (1) $ (1)
Average Exchange rate .......... .98
Fixed (GBP) to Fixed (EUR) ..... $ 65 $ — $ — $ — $ — $ — $ 1 $ 1
Fixed (JPY) to Fixed (THB) ...... $ 18 $ — $ — $ — $ — $ — $ — $ —
Item 8. Financial Statements and Supplementary Data.
The financial statements and supplementary data required by this item appear beginning on page F-1 of this
Annual Report and are incorporated herein by reference.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
Not applicable.
Item 9A. Controls and Procedures.
As of the end of the period covered by this report, we carried out an evaluation, under the supervision and
with the participation of our management, including our principal executive and principal financial officers, of
the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in
Rules 13(a)-15(e) and 15(d)-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)).
Based upon the foregoing evaluation, our principal executive and principal financial officers concluded that our
disclosure controls and procedures were effective and operating to provide reasonable assurance that information
required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed,
summarized, and reported within the time periods specified in the rules and forms of the Securities and Exchange
Commission, and to provide reasonable assurance that such information is accumulated and communicated to our
management, including our principal executive and principal financial officers, as appropriate, to allow timely
decisions regarding required disclosure.
There has been no change in our internal control over financial reporting (as defined in Rules 13(a)-15(f)
and 15(d)-15(f) under the Exchange Act) that occurred during the period covered by this report that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Management’s Report on Internal Control over Financial Reporting and the Report of the Corporation’s
Independent Registered Public Accounting Firm are set forth in Part II of the Annual Report and are incorporated
herein by reference.
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