Starwood Hotels & Resorts Worldwide, Inc., is one of the world's largest hotel and leisure companies, with more than 1,200 properties in 100 countries. Starwood owns, operates, and franchises hotels, resorts, and residences with the following brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Meridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element®. Information adapted from the company's recent annual statement of cash flows indicates the following investing and financing activities during that year (simplified, in millions of dollars):
a. Additional borrowing from banks $1,290
b. Purchase of investments 1
c. Sale of assets and investments (assume sold at cost) 806
d. Issuance of stock 70
e. Purchases of property, plant, and equipment 327
f. Payment of debt principal 108
g. Dividends paid 735
h. Receipt of principal payment on a note receivable 5
Required:
For activities (a) through (h), indicate whether the activity is investing (I) or financing (F) and the direction of the effects on cash flows (+ for increases cash; - for decreases cash).