SEC 10-K Project: Statement of Stockholders' Equity: Using vertical analysis (show your calculations), present values for 2016 and 2017:

1. gross profit margin

MARRIOTT INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY (DEFICIT)

Fiscal Years 2017, 2016, and 2015

(in millions)

Common Shares Outstanding				Total				Class A Common Stock				Additional Paid-in- Capital				Retained Earnings				Treasury Stock, at Cost				Accumulated Other Comprehensive Loss
279.9			Balance at December 31, 2014	$	(2,200	)		$	5			$	2,802			$	4,286			$	(9,223	)		$	(70	)
			Net income	859												859
			Other comprehensive loss	(126		)																		(126		)
			Dividends	(253		)										(253		)
2.1			Share-based compensation plans	70								19				(14		)		65
(25.7	)		Purchase of treasury stock	(1,940		)														(1,940		)
256.3			Balance at December 31, 2015	(3,590		)		5				2,821				4,878				(11,098		)		(196		)
			Net income	780												780
			Other comprehensive loss	(301		)																		(301		)
			Dividends	(374		)										(374		)
1.8			Share-based compensation plans	146								110				(21		)		57
(8.0	)		Purchase of treasury stock	(573		)														(573		)
136.0			Starwood Combination (1)	9,269								2,877				1,238				5,154
386.1			Balance at December 31, 2016	5,357				5				5,808				6,501				(6,460		)		(497		)
			Net income	1,372												1,372
			Other comprehensive income	480																				480
			Dividends	(482		)										(482		)
2.2			Share-based compensation plans	29								(38		)						67
(29.2	)		Purchase of treasury stock	(3,025		)														(3,025		)
359.1		(2)	Balance at December 31, 2017	$	3,731			$	5			$	5,770			$	7,391			$	(9,418	)		$	(17	)

(1)	Represents Marriott common stock and equity-based awards issued in the Starwood Combination, which also resulted in the depletion of our accumulated historical losses on reissuances of treasury stock in Retained Earnings.

(2)	Our restated certificate of incorporation authorizes 800 million shares of our common stock, with a par value of $.01 per share and 10 million shares of preferred stock, without par value. At year-end 2017, we had 359.1 million of these authorized shares of our common stock and no preferred stock outstanding.

See Notes to Consolidated Financial Statements.

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https://www.sec.gov/Archives/edgar/data/1048286/000162828018001756/mar-q42017x10k.htm#sF3E727C1230959B3A9B75A9F4DB4D7F9