Earnings Per Common Share (Unit) (Tables)

9 Months Ended

Sep. 30, 2015

The calculation of basic and diluted earnings per common share is shown below (in millions, except per share amounts):

	Quarter ended September 30,					Year-to-date ended September 30,
	2015		2014			2015			2014
Net income	$	85	$	145		$	405		$	489
Less: Net income attributable to non-controlling interests		—		(1	)		(10	)		(11	)
Net income attributable to Host Inc.		85		144			395			478
Diluted income attributable to Host Inc.	$	85	$	144		$	395		$	478

Basic weighted average shares outstanding		746.4		755.6			752.1			755.3
Assuming distribution of common shares granted under the comprehensive stock plans, less shares assumed purchased at market		0.4		0.8			0.4			0.7
Diluted weighted average shares outstanding ⁽¹⁾		746.8		756.4			752.5			756.0

Basic earnings per common share	$	.11	$	.19		$	.53		$	.63
Diluted earnings per common share	$	.11	$	.19		$	.53		$	.63
___________

(1)

There were approximately 31 million potentially dilutive shares for both the quarter ended and year-to-date period ended September 30, 2015, and approximately 30 million potentially dilutive shares for both the quarter and year-to-date periods ended September 30, 2014, related to our exchangeable senior debentures, which shares were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the period.

HOST HOTELS & RESORTS L.P.

Earnings Per Common Share (Unit)

The calculation of basic and diluted earnings per unit is shown below (in millions, except per unit amounts):

	Quarter ended September 30,				Year-to-date ended September 30,
	2015		2014		2015			2014
Net income	$	85	$	145	$	405		$	489
Less: Net (income) loss attributable to non- controlling interests		1		1		(5	)		(4	)
Net income attributable to Host L.P.		86		146		400			485
Diluted income attributable to Host L.P.	$	86	$	146	$	400		$	485

Basic weighted average units outstanding		739.9		749.1		745.5			748.8
Assuming distribution of common units granted under the comprehensive stock plans, less units assumed purchased at market		0.4		0.8		0.4			0.7
Diluted weighted average units outstanding⁽¹⁾		740.3		749.9		745.9			749.5

Basic earnings per common unit	$	.12	$	.19	$	.54		$	.65
Diluted earnings per common unit	$	.12	$	.19	$	.54		$	.65
___________

(1)

There were approximately 31 million potentially dilutive units for both the quarter ended and year-to-date period ended September 30, 2015 and approximately 30 million potentially dilutive units for both the quarter and year-to-date periods ended September 30, 2014 related to our exchangeable senior debentures, which units were not included in the computation of diluted earnings per unit because to do so would have been anti-dilutive for the period.