Geographic and Business Segment Information

12 Months Ended

Dec. 31, 2012

Geographic and Business Segment Information

15. Geographic and Business Segment Information

We consider each one of our hotels to be an operating segment, none of which meets the threshold for a reportable segment. We also allocate resources and assess operating performance based on individual hotels. All of our other real estate investment activities (primarily our office buildings) are immaterial and, with our operating segments, meet the aggregation criteria, and thus, we report one segment: hotel ownership. Our international operations consist of hotels in six countries. In June 2011, we transferred our hotel in the United Kingdom to the Euro JV Fund II. There were no intersegment sales during the periods presented. The following table presents revenues and long-lived assets for each of the geographical areas in which we operate (in millions):

	2012				2011				2010
	Revenues		Property and Equipment, net		Revenues		Property and Equipment, net		Revenues		Property and Equipment, net
United States	$	5,018	$	11,095	$	4,671	$	10,874	$	4,200	$	10,095
Australia		42		133		27		136		—		—
Brazil		33		39		33		42		8		48
Canada		95		97		92		126		86		131
Chile		37		63		28		58		29		56
Mexico		25		26		24		23		21		29
New Zealand		36		135		32		124		—		—
United Kingdom		—		—		17		—		17		155
Total	$	5,286	$	11,588	$	4,924	$	11,383	$	4,361	$	10,514