Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Consolidated Portfolio of Hotels by Countries

As of December 31, 2023, the hotels in our consolidated portfolio are in the following countries:

	Hotels
United States	72
Brazil	3
Canada	2
Total	77

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,
	2023		2022
Common OP units outstanding (millions)	9.5		10.0
Market price per Host Inc. common share	$	19.47	$	16.05
Shares issuable upon conversion of one common OP unit	1.021494		1.021494
Redemption value (millions)	$	189	$	164
Historical cost (millions)	93		97
Book value (millions) ⁽¹⁾	189		164

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(1)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,
	2023		2022
Gain on foreign currency forward contracts	$	3	$	4
Loss on interest rate swap cash flow hedges	(1)		(1)
Foreign currency translation	(73)		(79)
Other comprehensive loss attributable to non-controlling interests	1		1
Total accumulated other comprehensive loss	$	(70)	$	(75)

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,
	2023		2022		2021
Net income (loss)	$	752	$	643	$	(11)
Less: Net income attributable to non-controlling interests	(12)		(10)		—
Net income (loss) attributable to Host Hotels & Resorts, inc.	$	740	$	633	$	(11)
Basic weighted average shares outstanding	709.7		714.7		710.3
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed      purchased at market	3.1		2.8		—
Diluted weighted average shares outstanding	712.8		717.5		710.3
Basic earnings (loss) per common share	$	1.04	$	0.89	$	(0.02)
Diluted earnings (loss) per common share	$	1.04	$	0.88	$	(0.02)

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,
	2023		2022		2021
Net income (loss)	$	752	$	643	$	(11)
Less: Net income attributable to non-controlling interests	(1)		(1)		(1)
Net income (loss) attributable to Host Hotels & Resorts, L.P.	$	751	$	642	$	(12)
Basic weighted average units outstanding	704.5		709.7		702.5
Assuming distribution of common units granted under the comprehensive stock plans, less units assumed      purchased at market	3.0		2.7		—
Diluted weighted average units outstanding	707.5		712.4		702.5
Basic earnings (loss) per common unit	$	1.07	$	0.91	$	(0.02)
Diluted earnings (loss) per common unit	$	1.06	$	0.90	$	(0.02)