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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
Net income (loss) $ 325 $ 63 $ (16)
Discontinued operations:      
Gain on dispositions (97) (48)  
Depreciation 10 32 46
Depreciation and amortization 697 722 609
Amortization of finance costs, discounts and premiums, net 25 13 30
Non-cash loss on extinguishment of debt 13 [1] 9 [1] 4 [1]
Stock compensation expense 18 16 19
Deferred income taxes 6 17 (11)
Net gains on property transactions and other (33) (13) (7)
(Gain) loss on foreign currency transactions and derivatives (3) 4 (3)
Gain on property insurance settlement    (2)  
Equity in (earnings) losses of affiliates 17 (2) (4)
Change in due from managers 21 (42)  
Changes in other assets 39 11 (8)
Changes in other liabilities (19) 1 3
Cash provided by operating activities 1,019 781 662
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 643 160 46
Acquisitions (166) (441) (1,047)
Deferred sale proceeds received from HPT    51.0  
Advances to and investments in affiliates (74) (132) (49)
Return on investment    3  
Return on mortgage loan investment    82 1
Capital expenditures:      
Renewals and replacements (303) (366) (327)
Redevelopment and acquisition-related investments (133) (272) (215)
New development (19) (6)  
Change in furniture, fixtures and equipment ("FF&E") replacement fund (23) 16 4
Property insurance proceeds    19 11
Cash used in investing activities (75) (886) (1,576)
FINANCING ACTIVITIES      
Financing costs (4) (18) (23)
Issuances of debt 550 900 955
Draws on credit facility 393 231 153
Term loan issuance    500  
Repayment on credit facility (207) (89) (90)
Repurchase/redemption of senior notes (801) (1,795) (404)
Mortgage debt prepayments and scheduled maturities (411.0) (113.0) (210.0)
Scheduled principal repayments (2) (2) (5)
Issuance of common stock 303 274 323
Dividends on common stock (313) (187) (70)
Contributions from non-controlling interests 7 1 1
Distributions to non-controlling interests (12) (7) (5)
Change in restricted cash for financing activities 4   3
Cash provided by (used in) financing activities (493) (305) 628
Effects of exchange rate changes on cash held (7) 1 (1)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 444 (409) (287)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 417 826 1,113
CASH AND CASH EQUIVALENTS, END OF PERIOD 861 417 826
HOST HOTELS & RESORTS L.P. AND SUBSIDIARIES
     
OPERATING ACTIVITIES      
Net income (loss) 325 63 (16)
Discontinued operations:      
Gain on dispositions (97) (48)  
Depreciation 10 32 46
Depreciation and amortization 697 722 609
Amortization of finance costs, discounts and premiums, net 25 13 30
Non-cash loss on extinguishment of debt 13 9 4
Stock compensation expense 18 16 19
Deferred income taxes 6 17 (11)
Net gains on property transactions and other (33) (13) (7)
(Gain) loss on foreign currency transactions and derivatives (3) 4 (3)
Gain on property insurance settlement    (2)  
Equity in (earnings) losses of affiliates 17 (2) (4)
Change in due from managers 21 (42)  
Changes in other assets 39 11 (8)
Changes in other liabilities (19) 1 3
Cash provided by operating activities 1,019 781 662
INVESTING ACTIVITIES      
Proceeds from sales of assets, net 643 160 46
Acquisitions (166) (441) (1,047)
Deferred sale proceeds received from HPT    51.0  
Advances to and investments in affiliates (74) (132) (49)
Return on investment    3  
Return on mortgage loan investment    82 1
Capital expenditures:      
Renewals and replacements (303) (366) (327)
Redevelopment and acquisition-related investments (133) (272) (215)
New development (19) (6)  
Change in furniture, fixtures and equipment ("FF&E") replacement fund (23) 16 4
Property insurance proceeds    19 11
Cash used in investing activities (75) (886) (1,576)
FINANCING ACTIVITIES      
Financing costs (4) (18) (23)
Issuances of debt 550 900 955
Draws on credit facility 393 231 153
Term loan issuance   500  
Repayment on credit facility (207) (89) (90)
Repurchase/redemption of senior notes (801) (1,795) (404)
Mortgage debt prepayments and scheduled maturities (411.0) (113.0) (210.0)
Scheduled principal repayments (2) (2) (5)
Contributions from non-controlling interests 7 1 1
Distributions to non-controlling interests (8) (4) (4)
Change in restricted cash for financing activities 4   3
Cash provided by (used in) financing activities (493) (305) 628
Issuance of common OP units 303 274 323
Distributions on common OP units (317) (190) (71)
Effects of exchange rate changes on cash held (7) 1 (1)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 444 (409) (287)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 417 826 1,113
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 861 $ 417 $ 826
[1] Interest expense and interest paid for 2013, 2012 and 2011 includes cash prepayment premiums of approximately $23 million, $21 million and $5 million, respectively.