Starwood 2011 Annual Report Download - page 124
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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions)
Year Ended December 31,
2011 2010 2009
Net income ............................................................. $487 $475 $ 71
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments ...................................... (48) 3 87
Reclassification of accumulated foreign currency translation adjustments on sold
hotels .............................................................. — — (13)
Defined benefit pension and postretirement benefit plans net gains (losses) arising
during the year ....................................................... (20) (4) 10
Net curtailment and settlement gains ..................................... — — 23
Amortization of actuarial gains and losses included in net periodic pension cost . . . 1 1 5
Change in fair value of derivatives ........................................... 1 (1) —
Reclassification adjustments for losses (gains) included in net income ............. 2 1 (6)
Change in fair value of investments .......................................... — (1) 3
(64) (1) 109
Comprehensive income .................................................... 423 474 180
Comprehensive (income) loss attributable to noncontrolling interests .............. 2 2 2
Foreign currency translation adjustments attributable to noncontrolling interests ..... (1) 1 (1)
Comprehensive income attributable to Starwood ................................ $424 $477 $181
The accompanying notes to financial statements are an integral part of the above statements.
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