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Condensed Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 15, 2012
Jun. 17, 2011
Jun. 15, 2012
Jun. 17, 2011
REVENUES        
Total revenues $ 1,368 $ 1,284 $ 2,351 $ 2,176
HOST HOTELS & RESORTS, INC.
       
REVENUES        
Rooms 823 773 1,395 1,288
Food and beverage 400 376 693 643
Other 80 74 139 128
Owned hotel revenues 1,303 1,223 2,227 2,059
Other revenues 65 61 124 117
Total revenues 1,368 1,284 2,351 2,176
EXPENSES        
Rooms 214 203 379 351
Food and beverage 279 265 494 464
Other departmental and support expenses 316 306 566 541
Management fees 56 52 90 84
Other property-level expenses 143 136 267 253
Depreciation and amortization 159 148 311 287
Corporate and other expenses 21 22 43 47
Total operating costs and expenses 1,188 1,132 2,150 2,027
OPERATING PROFIT 180 152 201 149
Interest income 3 5 7 9
Interest expense (94) (89) (180) (171)
Net gains on property transactions and other 1 2 2 3
Gain (loss) on foreign currency transactions and derivatives   1 (1) 2
Equity in earnings of affiliates 5 4 3 2
INCOME (LOSS) BEFORE INCOME TAXES 95 75 32 (6)
Benefit (provision) for income taxes (12) (8) 1 13
INCOME FROM CONTINUING OPERATIONS 83 67 33 7
Income (loss) from discontinued operations, net of tax   (3) 50 (3)
NET INCOME 83 64 83 4
Less: Net income attributable to non-controlling interests (1) (2) (3) (2)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS 82 62 80 2
Basic earnings (loss) per common share:        
Continuing operations $ 0.11 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Basic earnings per common share/unit $ 0.11 $ 0.09 $ 0.11  
Basic earnings (loss) per common unit:        
Continuing operations $ 0.11 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Basic earnings per common share/unit $ 0.11 $ 0.09 $ 0.11  
Diluted earnings (loss) per common share:        
Continuing operations $ 0.11 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Diluted earnings per common share/unit $ 0.11 $ 0.09 $ 0.11  
Diluted earnings (loss) per common unit:        
Continuing operations $ 0.11 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Diluted earnings per common share/unit $ 0.11 $ 0.09 $ 0.11  
HOST HOTELS & RESORTS L.P.
       
REVENUES        
Rooms 823 773 1,395 1,288
Food and beverage 400 376 693 643
Other 80 74 139 128
Owned hotel revenues 1,303 1,223 2,227 2,059
Other revenues 65 61 124 117
Total revenues 1,368 1,284 2,351 2,176
EXPENSES        
Rooms 214 203 379 351
Food and beverage 279 265 494 464
Other departmental and support expenses 316 306 566 541
Management fees 56 52 90 84
Other property-level expenses 143 136 267 253
Depreciation and amortization 159 148 311 287
Corporate and other expenses 21 22 43 47
Total operating costs and expenses 1,188 1,132 2,150 2,027
OPERATING PROFIT 180 152 201 149
Interest income 3 5 7 9
Interest expense (94) (89) (180) (171)
Net gains on property transactions and other 1 2 2 3
Gain (loss) on foreign currency transactions and derivatives   1 (1) 2
Equity in earnings of affiliates 5 4 3 2
INCOME (LOSS) BEFORE INCOME TAXES 95 75 32 (6)
Benefit (provision) for income taxes (12) (8) 1 13
INCOME FROM CONTINUING OPERATIONS 83 67 33 7
Income (loss) from discontinued operations, net of tax   (3) 50 (3)
NET INCOME 83 64 83 4
Less: Net income attributable to non-controlling interests   (1) (2) (2)
NET INCOME AVAILABLE TO COMMON UNITHOLDERS $ 83 $ 63 $ 81 $ 2
Basic earnings (loss) per common share:        
Continuing operations $ 0.12 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Basic earnings per common share/unit $ 0.12 $ 0.09 $ 0.11  
Basic earnings (loss) per common unit:        
Continuing operations $ 0.12 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Basic earnings per common share/unit $ 0.12 $ 0.09 $ 0.11  
Diluted earnings (loss) per common share:        
Continuing operations $ 0.12 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Diluted earnings per common share/unit $ 0.12 $ 0.09 $ 0.11  
Diluted earnings (loss) per common unit:        
Continuing operations $ 0.12 $ 0.10 $ 0.04 $ 0.01
Discontinued operations   $ (0.01) $ 0.07 $ (0.01)
Diluted earnings per common share/unit $ 0.12 $ 0.09 $ 0.11