XML 53 R29.htm IDEA: XBRL DOCUMENT v3.22.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Consolidated Portfolio of Hotels by Countries

As of December 31, 2022, the hotels in our consolidated portfolio are in the following countries:

 

 

 

Hotels

 

United States

 

 

73

 

Brazil

 

 

3

 

Canada

 

 

2

 

Total

 

 

78

 
Historical Cost and Redemption Values for the Non-Controlling Interests

The table below details the historical cost and redemption values for the non-controlling interests of Host L.P.:

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Common OP units outstanding (millions)

 

 

10.0

 

 

 

7.1

 

Market price per Host Inc. common share

 

$

16.05

 

 

$

17.39

 

Shares issuable upon conversion of one common OP unit

 

 

1.021494

 

 

 

1.021494

 

Redemption value (millions)

 

$

164

 

 

$

126

 

Historical cost (millions)

 

 

97

 

 

 

66

 

Book value (millions) ⁽¹⁾

 

 

164

 

 

 

126

 

___________

The book value recorded is equal to the greater of the redemption value or the historical cost.
Components of Total Accumulated Other Comprehensive Income (Loss) in the Balance Sheets

The components of total accumulated other comprehensive income (loss) in the balance sheets are as follows (in millions):

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Gain on foreign currency forward contracts

 

$

4

 

 

$

1

 

Loss on interest rate swap cash flow hedges

 

 

(1

)

 

 

(2

)

Foreign currency translation

 

 

(79

)

 

 

(76

)

Other comprehensive loss attributable to non-controlling interests

 

 

1

 

 

 

1

 

Total accumulated other comprehensive loss

 

$

(75

)

 

$

(76

)
Earnings (Loss) Per Common Share (Unit)

The calculation of Host Inc. basic and diluted earnings (loss) per common share is shown below (in millions, except per share amounts):

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Net income (loss)

 

$

643

 

 

$

(11

)

 

$

(741

)

Less: Net (income) loss attributable to non-controlling interests

 

 

(10

)

 

 

—

 

 

 

9

 

Net income (loss) attributable to Host Hotels & Resorts, Inc.

 

$

633

 

 

$

(11

)

 

$

(732

)

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

714.7

 

 

 

710.3

 

 

 

705.9

 

Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed
     purchased at market

 

 

2.8

 

 

 

—

 

 

 

—

 

Diluted weighted average shares outstanding

 

 

717.5

 

 

 

710.3

 

 

 

705.9

 

Basic earnings (loss) per common share

 

$

0.89

 

 

$

(0.02

)

 

$

(1.04

)

Diluted earnings (loss) per common share

 

$

0.88

 

 

$

(0.02

)

 

$

(1.04

)
HOST HOTELS & RESORTS L.P.  
Earnings (Loss) Per Common Share (Unit)

The calculation of Host L.P. basic and diluted earnings (loss) per common unit is shown below (in millions, except per unit amounts):

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Net income (loss)

 

$

643

 

 

$

(11

)

 

$

(741

)

Less: Net (income) loss attributable to non-controlling interests

 

 

(1

)

 

 

(1

)

 

 

1

 

Net income (loss) attributable to Host Hotels & Resorts, L.P.

 

$

642

 

 

$

(12

)

 

$

(740

)

 

 

 

 

 

 

 

 

 

 

Basic weighted average units outstanding

 

 

709.7

 

 

 

702.5

 

 

 

698.4

 

Assuming distribution of common units granted under the comprehensive stock plans, less units assumed
     purchased at market

 

 

2.7

 

 

 

—

 

 

 

—

 

Diluted weighted average units outstanding

 

 

712.4

 

 

 

702.5

 

 

 

698.4

 

Basic earnings (loss) per common unit

 

$

0.91

 

 

$

(0.02

)

 

$

(1.06

)

Diluted earnings (loss) per common unit

 

$

0.90

 

 

$

(0.02

)

 

$

(1.06

)