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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 15, 2012
Jun. 17, 2011
HOST HOTELS & RESORTS, INC.
   
OPERATING ACTIVITIES    
Net income $ 83 $ 4
Discontinued operations:    
Gain on dispositions (48)  
Depreciation 1 6
Depreciation and amortization 311 287
Amortization of deferred financing costs 6 5
Amortization of debt premiums/discounts, net 5 9
Deferred income taxes (4) (15)
Net gain on property transactions and other (2) (3)
(Gain) loss on foreign currency transactions and derivatives 1 (2)
Non-cash loss on extinguishment of debt 4 1
Equity in earnings of affiliates, net (3) (2)
Change in due from managers (42) (27)
Changes in other assets 12 12
Changes in other liabilities (22) (19)
Cash provided by operating activities 302 256
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 108  
Acquisitions (18) (1,035)
Advances to and investment in affiliates (20) (18)
Capital expenditures:    
Renewals and replacements (179) (119)
Redevelopment and other investments (162) (121)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (2) 1
Property insurance proceeds 4 2
Cash used in investing activities (269) (1,290)
FINANCING ACTIVITIES    
Financing costs (7) (8)
Issuances of debt 450 576
Draws on credit facility 22 153
Repayment on credit facility   (50)
Repurchase/redemption of senior notes, including exchangeable debentures (893) (250)
Mortgage debt prepayments and scheduled maturities (113) (132)
Scheduled principal repayments (2) (2)
Common stock issuance 222 288
Dividends on common stock (78) (21)
Contributions from non-controlling interests 1  
Distributions to non-controlling interests (4) (4)
Change in restricted cash for financing activities 8 5
Cash provided by (used in) financing activities (394) 555
DECREASE IN CASH AND CASH EQUIVALENTS (361) (479)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 826 1,113
CASH AND CASH EQUIVALENTS, END OF PERIOD 465 634
Supplemental disclosure of cash flow information    
Interest paid 160 144
Income taxes paid 8 4
HOST HOTELS & RESORTS L.P.
   
OPERATING ACTIVITIES    
Net income 83 4
Discontinued operations:    
Gain on dispositions (48)  
Depreciation 1 6
Depreciation and amortization 311 287
Amortization of deferred financing costs 6 5
Amortization of debt premiums/discounts, net 5 9
Deferred income taxes (4) (15)
Net gain on property transactions and other (2) (3)
(Gain) loss on foreign currency transactions and derivatives 1 (2)
Non-cash loss on extinguishment of debt 4 1
Equity in earnings of affiliates, net (3) (2)
Change in due from managers (42) (27)
Changes in other assets 12 12
Changes in other liabilities (22) (19)
Cash provided by operating activities 302 256
INVESTING ACTIVITIES    
Proceeds from sales of assets, net 108  
Acquisitions (18) (1,035)
Advances to and investment in affiliates (20) (18)
Capital expenditures:    
Renewals and replacements (179) (119)
Redevelopment and other investments (162) (121)
Change in furniture, fixtures and equipment ("FF&E") replacement fund (2) 1
Property insurance proceeds 4 2
Cash used in investing activities (269) (1,290)
FINANCING ACTIVITIES    
Financing costs (7) (8)
Issuances of debt 450 576
Draws on credit facility 22 153
Repayment on credit facility   (50)
Repurchase/redemption of senior notes, including exchangeable debentures (893) (250)
Mortgage debt prepayments and scheduled maturities (113) (132)
Scheduled principal repayments (2) (2)
Common OP unit issuance 222 288
Distributions on common OP units (79) (21)
Contributions from non-controlling interests 1  
Distributions to non-controlling interests (3) (4)
Change in restricted cash for financing activities 8 5
Cash provided by (used in) financing activities (394) 555
DECREASE IN CASH AND CASH EQUIVALENTS (361) (479)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 826 1,113
CASH AND CASH EQUIVALENTS, END OF PERIOD 465 634
Supplemental disclosure of cash flow information    
Interest paid 160 144
Income taxes paid $ 8 $ 4