Earnings (Loss) Per Common Share (Unit)

3 Months Ended

Mar. 23, 2012

Earnings (Loss) Per Common Share (Unit)

3. Earnings (Loss) Per Common Share (Unit)

Host Inc. Earnings (Loss) per Common Share

Basic earnings (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of Host Inc. common stock outstanding. Diluted earnings (loss) per common share is computed by dividing net income (loss) available to common stockholders as adjusted for potentially dilutive securities, by the weighted average number of shares of Host Inc. common stock outstanding plus other potentially dilutive securities. Dilutive securities may include shares granted under comprehensive stock plans, other non-controlling interests that have the option to convert their limited partnership interests to common OP units and convertible debt securities. Due to the net loss for all periods presented, all of our securities are anti-dilutive and, therefore, no effect for such securities is shown.

	Quarter ended
	March 23, 2012			March 25, 2011
	(in millions, except per share amounts)
Net loss	$	—		$	(60	)
Net income attributable to non-controlling interests		(2	)		—
Loss available to common stockholders	$	(2	)	$	(60	)
Diluted loss available to common stockholders	$	(2	)	$	(60	)
Basic weighted average shares outstanding		707.5			677.3
Diluted weighted average shares outstanding (a)		707.5			677.3
Basic loss per share	$	—		$	(.09	)
Diluted loss per share	$	—		$	(.09	)

(a) There are 41 million and 51 million potentially dilutive shares for our exchangeable senior debentures and shares granted under comprehensive stock plans, which were not included in the computation of diluted EPS as of March 23, 2012 and March 25, 2011, respectively, because to do so would have been anti-dilutive for the period.

Host L.P. Earnings (Loss) Per Common Unit

Basic earnings (loss) per common unit is computed by dividing net income available to common unitholders by the weighted average number of common OP units outstanding. Diluted earnings (loss) per common unit is computed by dividing net income (loss) available to common unitholders as adjusted for potentially dilutive securities, by the weighted average number of common units outstanding plus other potentially dilutive securities. Dilutive securities may include units distributed to Host Inc. to support Host Inc. common shares granted under comprehensive stock plans, other non-controlling interests that have the option to convert their limited partnership interests to common OP units and convertible debt securities. Due to the net loss for all periods presented, all of our securities are anti-dilutive and, therefore, no effect for such securities is shown.

	Quarter ended
	March 23, 2012			March 25, 2011
	(in millions, except per unit amounts)
Net loss	$	—		$	(60	)
Net income attributable to non-controlling interests		(2	)		(1	)
Loss available to common unitholders	$	(2	)	$	(61	)
Diluted loss available to common unitholders	$	(2	)	$	(61	)
Basic weighted average units outstanding		703.1			673.6
Diluted weighted average units outstanding (a)		703.1			673.6
Basic loss per unit	$	—		$	(.09	)
Diluted loss per unit	$	—		$	(.09	)

(a) There are 40 million and 50 million potentially dilutive units for our exchangeable senior debentures and for units distributable to Host Inc. for shares granted under its comprehensive stock plans, which units were not included in the computation of diluted earnings per unit as of March 23, 2012 and March 25, 2011, respectively, because to do so would have been anti-dilutive for the period.