Starwood 2011 Annual Report Download - page 159
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STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
NOTES TO FINANCIAL STATEMENTS
Consolidated Statements of Income and Comprehensive Income
For the Years Ended December 31, 2011 and 2010
(in millions)
Balance at December 31, 2009 .................................................... $—
Mark-to-market loss (gain) on forward exchange contracts ............................ 1
Reclassification of gain (loss) from OCI to management fees, franchise fees, and other
income ................................................................... (1)
Balance at December 31, 2010 .................................................... $—
Balance at December 31, 2010 .................................................... $—
Mark-to-market loss (gain) on forward exchange contracts ............................ (1)
Reclassification of gain (loss) from OCI to management fees, franchise fees, and other
income ................................................................... (2)
Balance at December 31, 2011 .................................................... $(3)
Derivatives Not Designated as Hedging
Instruments
Location of Gain or (Loss) Recognized
in Income on Derivative
Amount of Gain or
(Loss) Recognized in
Income on Derivative
Year Ended
December 31,
2011 2010 2009
Foreign forward exchange contracts ...... Interest expense, net $5 $(45) $(15)
Total (loss) gain included in income ...... $5 $(45) $(15)
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