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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Total revenues $ 5,286 $ 4,924 $ 4,361
EXPENSES      
Interest expense (373) [1] (371) [1] (383) [1]
HOST HOTELS & RESORTS, INC.
     
REVENUES      
Rooms 3,219 2,975 2,619
Food and beverage 1,494 1,404 1,270
Other 300 292 273
Owned hotel revenues 5,013 4,671 4,162
Other revenues 273 253 199
Total revenues 5,286 4,924 4,361
EXPENSES      
Rooms 875 816 719
Food and beverage 1,105 1,044 949
Other departmental and support expenses 1,282 1,240 1,131
Management fees 207 187 169
Other property-level expenses 587 564 483
Depreciation and amortization 751 638 582
Corporate and other expenses 107 111 108
Gain on insurance settlements (11) (2) (3)
Total operating costs and expenses 4,903 4,598 4,138
OPERATING PROFIT 383 326 223
Interest income 23 20 8
Interest expense (373) (371) (383)
Net gains on property transactions and other 13 7 1
Gain (loss) on foreign currency transactions and derivatives (4) 3 (6)
Equity in earnings (losses) of affiliates 2 4 (1)
INCOME (LOSS) BEFORE INCOME TAXES 44 (11) (158)
Benefit (provision) for income taxes (31) 1 31
INCOME (LOSS) FROM CONTINUING OPERATIONS 13 (10) (127)
Income (loss) from discontinued operations, net of tax 50 (6) (5)
NET INCOME (LOSS) 63 (16) (132)
Less: Net (income) loss attributable to non-controlling interests (2) 1 2
NET INCOME (LOSS) ATTRIBUTABLE TO REPORTING ENTITY 61 (15) (130)
Less: Dividends on preferred stock     (4)
Issuance costs of redeemed preferred stock     (4) [2]
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS 61 (15) (138)
Basic earnings (loss) per common share:      
Continuing operations $ 0.01 $ (0.01) $ (0.20)
Discontinued operations $ 0.07 $ (0.01) $ (0.01)
Basic earnings (loss) per common share/unit $ 0.08 $ (0.02) $ (0.21)
Basic earnings (loss) per common unit:      
Continuing operations $ 0.01 $ (0.01) $ (0.20)
Discontinued operations $ 0.07 $ (0.01) $ (0.01)
Basic earnings (loss) per common share/unit $ 0.08 $ (0.02) $ (0.21)
Diluted earnings (loss) per common share:      
Continuing operations $ 0.01 $ (0.01) $ (0.20)
Discontinued operations $ 0.07 $ (0.01) $ (0.01)
Diluted earnings (loss) per common share/unit $ 0.08 $ (0.02) $ (0.21)
Diluted earnings (loss) per common unit:      
Continuing operations $ 0.01 $ (0.01) $ (0.20)
Discontinued operations $ 0.07 $ (0.01) $ (0.01)
Diluted earnings (loss) per common share/unit $ 0.08 $ (0.02) $ (0.21)
HOST HOTELS & RESORTS L.P.
     
REVENUES      
Rooms 3,219 2,975 2,619
Food and beverage 1,494 1,404 1,270
Other 300 292 273
Owned hotel revenues 5,013 4,671 4,162
Other revenues 273 253 199
Total revenues 5,286 4,924 4,361
EXPENSES      
Rooms 875 816 719
Food and beverage 1,105 1,044 949
Other departmental and support expenses 1,282 1,240 1,131
Management fees 207 187 169
Other property-level expenses 587 564 483
Depreciation and amortization 751 638 582
Corporate and other expenses 107 111 108
Gain on insurance settlements (11) (2) (3)
Total operating costs and expenses 4,903 4,598 4,138
OPERATING PROFIT 383 326 223
Interest income 23 20 8
Interest expense (373) (371) (383)
Net gains on property transactions and other 13 7 1
Gain (loss) on foreign currency transactions and derivatives (4) 3 (6)
Equity in earnings (losses) of affiliates 2 4 (1)
INCOME (LOSS) BEFORE INCOME TAXES 44 (11) (158)
Benefit (provision) for income taxes (31) 1 31
INCOME (LOSS) FROM CONTINUING OPERATIONS 13 (10) (127)
Income (loss) from discontinued operations, net of tax 50 (6) (5)
NET INCOME (LOSS) 63 (16) (132)
Less: Net (income) loss attributable to non-controlling interests (1) 1  
NET INCOME (LOSS) ATTRIBUTABLE TO REPORTING ENTITY 62 (15) (132)
Less: Distributions on preferred units     (4)
Issuance costs of redeemed preferred units     (4) [3]
NET INCOME (LOSS) AVAILABLE TO COMMON UNITHOLDERS $ 62 $ (15) $ (140)
Basic earnings (loss) per common share:      
Continuing operations $ 0.02 $ (0.01) $ (0.21)
Discontinued operations $ 0.07 $ (0.01)  
Basic earnings (loss) per common share/unit $ 0.09 $ (0.02) $ (0.21)
Basic earnings (loss) per common unit:      
Continuing operations $ 0.02 $ (0.01) $ (0.21)
Discontinued operations $ 0.07 $ (0.01)  
Basic earnings (loss) per common share/unit $ 0.09 $ (0.02) $ (0.21)
Diluted earnings (loss) per common share:      
Continuing operations $ 0.02 $ (0.01) $ (0.21)
Discontinued operations $ 0.07 $ (0.01)  
Diluted earnings (loss) per common share/unit $ 0.09 $ (0.02) $ (0.21)
Diluted earnings (loss) per common unit:      
Continuing operations $ 0.02 $ (0.01) $ (0.21)
Discontinued operations $ 0.07 $ (0.01)  
Diluted earnings (loss) per common share/unit $ 0.09 $ (0.02) $ (0.21)
[1] Interest expense and interest paid for 2012, 2011 and 2010 includes cash prepayment premiums of approximately $21 million, $5 million and $20 million, respectively.
[2] Represents the original issuance costs associated with the Class E preferred stock, which stock was redeemed during 2010.
[3] Represents the original issuance costs associated with the Class E preferred OP units, which units were redeemed during 2010.